After Plunging 37.5% in 4 Weeks, Here's Why the Trend Might Reverse for Adtalem (ATGE)

Core Viewpoint - Adtalem Global Education (ATGE) has experienced a significant decline of 37.5% in its stock price over the past four weeks, but it is now considered to be in oversold territory, indicating a potential for a trend reversal supported by positive earnings forecasts from Wall Street analysts [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with readings below 30 typically indicating this condition [2]. - ATGE's current RSI reading is 25.58, suggesting that the heavy selling pressure may be exhausting itself and a trend reversal could occur soon [5]. Group 2: Fundamental Analysis - Analysts have shown strong consensus in raising earnings estimates for ATGE, with a 1.5% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - ATGE 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 turnaround [8].