Here's Why TrueCar (TRUE) is Poised for a Turnaround After Losing -19.13% in 4 Weeks

Group 1 - TrueCar (TRUE) has experienced a significant decline of 19.1% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for TRUE is currently at 29.63, suggesting that the heavy selling pressure may be exhausting itself [5] - There is a strong consensus among Wall Street analysts that TRUE will report better earnings than previously predicted, with a 2.6% increase in consensus EPS estimates over the last 30 days [6] Group 2 - TRUE 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, indicating a potential turnaround [7]