Down -9.62% in 4 Weeks, Here's Why The AZEK Company (AZEK) Looks Ripe for a Turnaround

Core Viewpoint - The AZEK Company (AZEK) has experienced a significant downtrend with a 9.6% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) for AZEK is currently at 28.24, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound [4]. - A stock is generally considered oversold when its RSI falls below 30, and this technical indicator helps identify potential entry points for investors [2]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that AZEK will report better earnings than previously predicted, with a 1.4% increase in the consensus EPS estimate over the last 30 days [4]. - AZEK holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a near-term turnaround [5].