Down 20% in 4 Weeks, Here's Why Grand Canyon Education (LOPE) Looks Ripe for a Turnaround

Core Viewpoint - Grand Canyon Education (LOPE) has experienced significant selling pressure, resulting in a 20.1% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential rebound [1]. Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if LOPE is oversold, with a current RSI reading of 20.23, suggesting that the stock may soon experience a trend reversal [2][5]. - RSI is a momentum oscillator that measures the speed and change of price movements, typically indicating oversold conditions when the reading falls below 30 [2][3]. Fundamental Analysis - There is a consensus among sell-side analysts that earnings estimates for LOPE have increased by 0.1% over the last 30 days, which often correlates with price appreciation in the near term [7]. - LOPE 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 supporting the potential for a turnaround [8].