After Plunging 22.6% in 4 Weeks, Here's Why the Trend Might Reverse for Maximus (MMS)

Core Viewpoint - Maximus (MMS) has experienced significant selling pressure, resulting in a 22.6% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) indicates that MMS is currently in oversold territory with a reading of 20.85, suggesting a potential trend reversal is imminent [5] - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with readings below 30 typically indicating oversold conditions [2][3] Group 2: Fundamental Indicators - Analysts have raised their earnings estimates for MMS by 2.8% over the last 30 days, reflecting a strong consensus among sell-side analysts, which often leads to price appreciation [7] - MMS holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]