Down 7.7% in 4 Weeks, Here's Why Patria Investments (PAX) Looks Ripe for a Turnaround

Core Viewpoint - Patria Investments (PAX) has experienced significant selling pressure, resulting in a 7.7% 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 PAX is oversold, with a current reading of 26.11 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 PAX may present entry opportunities for investors [3] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for PAX by 2.7% over the last 30 days, indicating a consensus expectation for improved performance [7] - PAX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which signals a strong potential for a turnaround [8]