Down 6.2% in 4 Weeks, Here's Why Disney (DIS) Looks Ripe for a Turnaround

Core Viewpoint - Walt Disney (DIS) is experiencing significant selling pressure, with a 6.2% decline over the past four weeks, but is positioned for a potential trend reversal as it enters oversold territory, supported by analysts predicting better earnings than previously expected [1] Technical Analysis - The Relative Strength Index (RSI) is a momentum oscillator that indicates whether a stock is oversold, with readings below 30 typically signaling this condition [2] - DIS has an RSI reading of 27.44, suggesting that the heavy selling may be exhausting itself, indicating a possible bounce back towards equilibrium in supply and demand [5] Fundamental Indicators - There is a strong consensus among sell-side analysts that DIS will see an increase in earnings estimates, with a 1.9% rise in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [6] - DIS 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 [7]