Down 11.9% in 4 Weeks, Here's Why Calix (CALX) Looks Ripe for a Turnaround

Core Viewpoint - Calix (CALX) has experienced significant selling pressure, resulting in an 11.9% 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 CALX is oversold, with a reading of 29.34 indicating potential exhaustion of selling pressure [2][5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify potential price reversals, suggesting that CALX may present entry opportunities for investors [3] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for CALX by 10.1% over the last 30 days, indicating a positive trend that typically leads to price appreciation [7] - CALX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, further supporting the potential for a near-term turnaround [8]