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Here's Why Alight (ALIT) is Poised for a Turnaround After Losing 24.4% in 4 Weeks
AlightAlight(US:ALIT) ZACKSยท2025-09-02 14:36

Core Viewpoint - Alight, Inc. (ALIT) is experiencing significant selling pressure, with a 24.4% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by positive earnings forecasts from Wall Street analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to identify oversold conditions, with a reading below 30 typically indicating that a stock is oversold [2]. - ALIT's current RSI reading is 27.52, suggesting that the heavy selling pressure may be exhausting itself, indicating a potential trend reversal [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that ALIT's earnings estimates for the current year have increased by 9.3% over the last 30 days, which often correlates with price appreciation [7]. - ALIT 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 [8].