Down 13.4% in 4 Weeks, Here's Why Perdoceo Education (PRDO) Looks Ripe for a Turnaround

Core Viewpoint - Perdoceo Education (PRDO) has faced significant selling pressure, resulting in a 13.4% decline in stock price 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 PRDO is currently in oversold territory with a reading of 26.75, suggesting a potential reversal in stock price [5] - RSI is a momentum oscillator that helps identify overbought or oversold conditions, typically indicating oversold status when below 30 [2][3] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for PRDO by 1.2% over the last 30 days, which often correlates with price appreciation [7] - PRDO 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]