Down 7% in 4 Weeks, Here's Why NETGEAR (NTGR) Looks Ripe for a Turnaround

Core Viewpoint - NETGEAR, Inc. (NTGR) has faced significant selling pressure, resulting in a 7% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating potential for recovery [1]. Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if NTGR is oversold, with a current reading of 29.65, suggesting that the stock may soon experience a reversal in trend [2][5]. - RSI serves as a momentum oscillator that helps identify price movement changes, indicating potential entry opportunities for investors when a stock is undervalued due to excessive selling [3]. Fundamental Indicators - Analysts have raised earnings estimates for NTGR by 25.1% over the last 30 days, reflecting a strong consensus among sell-side analysts, which typically correlates with price appreciation in the near term [7]. - NTGR 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].