After Plunging 31.2% in 4 Weeks, Here's Why the Trend Might Reverse for Domo (DOMO)

Core Viewpoint - Domo (DOMO) has experienced a significant decline of 31.2% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that indicates whether a stock is oversold, with readings below 30 typically signaling this condition [2]. - Domo's current RSI reading is 24.73, indicating that the heavy selling pressure may be exhausting itself, which could lead to a reversal in the stock's trend [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding an increase in Domo's earnings estimates, with a 2.1% rise in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - Domo 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 near-term turnaround [8].