Nexa Resources (NEXA) Loses -5.72% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Group 1 - Nexa Resources S.A. (NEXA) has experienced a downtrend with a stock decline of 5.7% over the past four weeks, indicating significant selling pressure [1] - The stock is currently in oversold territory, with an RSI reading of 28.96, suggesting that the heavy selling may be exhausting itself and a potential bounce back could occur [5][6] - Wall Street analysts have raised earnings estimates for NEXA by 9% over the last 30 days, indicating a positive outlook for the company's earnings and potential price appreciation [6] Group 2 - NEXA 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 turnaround [7]