After Plunging 32.4% in 4 Weeks, Here's Why the Trend Might Reverse for Peloton (PTON)

Core Viewpoint - Peloton (PTON) has experienced significant selling pressure, resulting in a 32.4% 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) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [2] - PTON's current RSI reading is 29.61, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [5] Group 2: Fundamental Analysis - Analysts have raised their earnings estimates for PTON by 10.1% over the last 30 days, indicating a positive trend that typically leads to price appreciation [7] - PTON holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which further supports the potential for a turnaround [8]