Down 31.9% in 4 Weeks, Here's Why Enovix Corporation (ENVX) Looks Ripe for a Turnaround

A downtrend has been apparent in Enovix Corporation (ENVX) lately with too much selling pressure. The stock has declined 31.9% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ove ...