Here's Why Rithm (RITM) is Poised for a Turnaround After Losing 12.4% in 4 Weeks

Core Viewpoint - Rithm (RITM) has experienced a significant decline of 12.4% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal as analysts expect better earnings than previously predicted [1] Group 1: Technical Indicators - 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] - RITM's current RSI reading is 24.6, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [5] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that RITM's earnings estimates for the current year have increased by 1.3% over the last 30 days, which often correlates with near-term price appreciation [7] - RITM 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, indicating a strong potential for a turnaround [8]