After Plunging -20.06% in 4 Weeks, Here's Why the Trend Might Reverse for Manchester United (MANU)

Core Viewpoint - Manchester United (MANU) has experienced significant selling pressure, resulting in a 20.1% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted, indicating potential for recovery [1] Group 1: Stock Performance and Indicators - The stock is currently in oversold territory, with a Relative Strength Index (RSI) reading of 22.48, suggesting that the heavy selling may be exhausting itself [4] - A stock is generally considered oversold when its RSI falls below 30, indicating a potential price reversal [2] Group 2: Earnings Estimates and Analyst Sentiment - There has been a strong consensus among sell-side analysts to raise earnings estimates for MANU, leading to a 57.5% increase in the consensus EPS estimate over the last 30 days [4] - An upward trend in earnings estimate revisions typically correlates with price appreciation in the near term [4] Group 3: Zacks Rank and Investment Potential - MANU 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 strong potential for a turnaround [5]