KULR Technology Group (KULR) Loses -21.71% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Core Viewpoint - KULR Technology Group, Inc. (KULR) has experienced a significant decline of 21.7% over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, with analysts predicting better earnings than previously expected [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to identify oversold stocks, with a reading below 30 indicating oversold conditions [2] - KULR's current RSI reading is 27.58, suggesting that the heavy selling pressure may be exhausting, indicating a possible rebound [5] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that KULR's earnings estimates for the current year have increased by 9.1% over the last 30 days, which typically correlates with price appreciation [6] - KULR 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, further supporting the potential for a turnaround [7]