Down 6.6% in 4 Weeks, Here's Why VICI Properties (VICI) Looks Ripe for a Turnaround

Core Viewpoint - VICI Properties Inc. (VICI) has experienced a downtrend with a 6.6% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround 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] - VICI's current RSI reading is 29.06, indicating that heavy selling may be exhausting itself, which could lead to a price rebound [5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential reversal points, making it a useful tool for investors seeking entry opportunities [3] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding VICI, with a 0.2% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [7] - VICI 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 favorable outlook for a near-term turnaround [8]