Down -53.96% in 4 Weeks, Here's Why Arvinas (ARVN) Looks Ripe for a Turnaround

Core Viewpoint - Arvinas, Inc. (ARVN) has experienced significant selling pressure, resulting in a 54% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential rebound [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) for ARVN is currently at 24.51, indicating that the stock is in oversold territory, which may suggest an imminent trend reversal [5]. - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with a reading below 30 typically indicating oversold conditions [2][3]. Group 2: Fundamental Indicators - There has been a consensus among sell-side analysts to raise earnings estimates for ARVN, leading to a 1.2% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [6]. - ARVN 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].