Ross Stores(ROST) ZACKS·2025-02-17 15:35Group 1: Stock Performance and Market Sentiment - Ross Stores (ROST) has experienced a downtrend with a 7% decline over the past four weeks due to excessive selling pressure [1] - The stock is currently in oversold territory, indicated by an RSI reading of 28.75, suggesting a potential for a price rebound [5][6] - Wall Street analysts are optimistic about ROST's ability to report better earnings than previously predicted, indicating a possible turnaround [1][6] Group 2: Technical Analysis and 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] - RSI helps investors identify potential reversal points in stock prices, allowing for entry opportunities when a stock is undervalued due to unwarranted selling [3] Group 3: Earnings Estimates and Analyst Ratings - There has been a consensus among sell-side analysts to raise earnings estimates for ROST, with a 0% increase in the consensus EPS estimate over the last 30 days [6] - ROST 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 its potential for a turnaround [7]