After Plunging 21.9% in 4 Weeks, Here's Why the Trend Might Reverse for Perdoceo Education (PRDO)

Core Viewpoint - Perdoceo Education (PRDO) has experienced significant selling pressure, resulting in a 21.9% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Technical Analysis - The Relative Strength Index (RSI) for PRDO is currently at 26.89, indicating that the stock may be oversold and could be poised for a rebound as selling pressure exhausts [5] - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with readings below 30 typically indicating an oversold condition [2][3] Fundamental Indicators - Analysts have raised earnings estimates for PRDO by 1.2% over the last 30 days, suggesting a positive trend that 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]