Down -33.89% in 4 Weeks, Here's Why You Should You Buy the Dip in Energy Vault (NRGV)

Core Viewpoint - Energy Vault Holdings, Inc. (NRGV) has experienced a significant decline of 33.9% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1] Group 1: Technical 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] - NRGV's current RSI reading is 25.52, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts regarding NRGV, with a 9.8% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [7] - NRGV 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 indicating a potential turnaround [8]