Here's Why NMI Holdings (NMIH) is Poised for a Turnaround After Losing 8.8% in 4 Weeks

Core Viewpoint - NMI Holdings (NMIH) has faced significant selling pressure, resulting in an 8.8% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) indicates that NMIH is currently in oversold territory with a reading of 29.42, suggesting a potential reversal in stock price [2][5] - RSI is a momentum oscillator that helps identify overbought or oversold conditions, with values below 30 typically indicating oversold status [2][3] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for NMIH, with a consensus EPS estimate increase of 0.2% over the last 30 days, which often correlates with price appreciation [7] - NMIH holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for a turnaround [8]