Here's Why Torrid Holdings (CURV) is Poised for a Turnaround After Losing 28.2% in 4 Weeks

Core Viewpoint - Torrid Holdings (CURV) has experienced a significant downtrend, with a 28.2% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - CURV's current RSI reading is 24.67, indicating that the heavy selling pressure may be exhausting itself, which could lead to a reversal in the stock's trend [5]. Group 2: Fundamental Analysis - Analysts have raised their earnings estimates for CURV by 5.9% over the last 30 days, suggesting a positive outlook for the company's earnings, which typically correlates with price appreciation [7]. - CURV 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 supporting the potential for a near-term turnaround [8].