Align Technology (ALGN) Loses 34.5% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Group 1 - Align Technology (ALGN) has experienced significant selling pressure, resulting in a 34.5% decline over the past four weeks, but analysts expect better earnings than previously predicted [1] - The Relative Strength Index (RSI) for ALGN is currently at 20.64, indicating that the heavy selling may be exhausting, suggesting a potential bounce back towards equilibrium [5] - There has been a consensus among sell-side analysts to raise earnings estimates for ALGN, leading to a 0.3% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7] Group 2 - ALGN 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 strong potential for a turnaround [8]