Knife River (KNF) Loses -14.99% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Group 1 - Knife River (KNF) has experienced a downtrend with a 15% decline over the past four weeks due to excessive selling pressure, but it is now in oversold territory, indicating a potential turnaround [1] - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with a reading below 30 typically indicating oversold conditions [2] - The RSI for KNF is currently at 28.8, suggesting that heavy selling may be exhausting itself, which could lead to a price rebound [5] Group 2 - There is strong consensus among sell-side analysts that KNF will report better earnings than previously predicted, with the consensus EPS estimate increasing by 0.6% over the last 30 days [6] - KNF 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 [7]