Radware (RDWR) Loses 15.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - Radware (RDWR) has experienced significant selling pressure, resulting in a 15.2% decline over the past four weeks, but analysts anticipate better earnings than previously predicted, indicating a potential turnaround for the stock [1]. Technical Analysis - The Relative Strength Index (RSI) is a momentum oscillator that helps identify whether a stock is oversold, with readings below 30 indicating oversold conditions [2]. - RDWR's current RSI reading is 28.35, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5]. Fundamental Analysis - Over the past 30 days, the consensus EPS estimate for RDWR has increased by 26.8%, indicating strong agreement among analysts regarding improved earnings [7]. - An upward trend in earnings estimate revisions typically correlates with price appreciation in the near term [7]. - RDWR 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 turnaround [8].