Here's Why QuinStreet (QNST) is Poised for a Turnaround After Losing 14.8% in 4 Weeks

Core Viewpoint - QuinStreet (QNST) has experienced a significant downtrend, with a 14.8% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from 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]. - QNST's current RSI reading is 25.55, indicating that the heavy selling pressure may be exhausting itself, which could lead to a reversal in the stock's trend [5]. - The RSI helps investors identify potential entry points for stocks that have fallen below their fair value due to unwarranted selling pressure [3]. Group 2: Fundamental Indicators - Analysts covering QNST have raised their earnings estimates for the current year, resulting in a 4.7% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - QNST 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 near-term turnaround [8].