Urban Edge Properties (UE) Loses 9.5% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - Urban Edge Properties (UE) is experiencing significant selling pressure, with a 9.5% 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]. - UE's current RSI reading is 29.48, suggesting that the heavy selling may be exhausting itself, indicating a potential reversal towards a more balanced supply and demand [5]. Group 2: Fundamental Analysis - There is a consensus among sell-side analysts that UE's earnings estimates for the current year have increased by 1.4% over the last 30 days, which often correlates with price appreciation in the near term [7]. - UE 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].