Universal Truckload (ULH) Loses -16.13% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - Universal Logistics (ULH) has experienced a significant downtrend, with a 16.1% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2]. - ULH's current RSI reading is 20.39, suggesting that the heavy selling pressure may be exhausting, indicating a possible price rebound [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding ULH, with a 0.2% increase in the consensus EPS estimate over the last 30 days, indicating a positive trend in earnings estimates [6]. - ULH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [7].