Down 81.8% in 4 Weeks, Here's Why Rezolute (RZLT) Looks Ripe for a Turnaround

Core Viewpoint - Rezolute, Inc. (RZLT) has experienced significant selling pressure, resulting in an 81.8% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [2] - RZLT's current RSI reading is 22.88, suggesting that the heavy selling may be exhausting, indicating a potential bounce back towards equilibrium [5] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for RZLT by 6.5% over the last 30 days, indicating a positive trend that typically leads to price appreciation [7] - RZLT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, further supporting the potential for a near-term turnaround [8]