Ingredion (INGR) Loses 7.0% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - Ingredion (INGR) has experienced significant selling pressure, resulting in a 7% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating potential for recovery [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold conditions, with a reading below 30 typically indicating a stock is oversold [2] - INGR's current RSI reading of 26.82 suggests that the heavy selling may be exhausting, indicating a potential bounce back towards equilibrium in supply and demand [5] Group 2: Fundamental Indicators - There is a consensus among sell-side analysts that earnings estimates for INGR have increased by 0.5% over the last 30 days, which often correlates with price appreciation in the near term [6] - INGR 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 stock's potential for a turnaround [7]