Here's Why CVB Financial (CVBF) is Poised for a Turnaround After Losing -12.62% in 4 Weeks

Core Viewpoint - CVB Financial (CVBF) has experienced a significant downtrend, with a 12.6% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with a reading below 30 typically indicating this condition [2]. - CVBF's current RSI reading is 26.16, suggesting that the heavy selling pressure may be exhausting, indicating a possible price rebound [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding an increase in earnings estimates for CVBF, with a 0.6% rise in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - CVBF holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, further supporting the potential for a near-term turnaround [8].