Here's Why Frontier Group (ULCC) is Poised for a Turnaround After Losing -31.11% in 4 Weeks

Group 1 - Frontier Group Holdings (ULCC) has experienced significant selling pressure, resulting in a stock price decline of 31.1% over the past four weeks, but it is now considered to be in oversold territory with potential for better earnings than previously predicted by analysts [1] - 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] - The RSI reading for ULCC is currently at 23.73, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [5] Group 2 - Analysts have raised earnings estimates for ULCC by 0.4% over the last 30 days, indicating a positive trend that often leads to price appreciation [6] - ULCC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a turnaround [7]