Down -17.45% in 4 Weeks, Here's Why Cybin Inc. (CYBN) Looks Ripe for a Turnaround

Core Viewpoint - Cybin Inc. (CYBN) is experiencing a significant downtrend with a 17.5% decline over the past four weeks, but it is now considered oversold, indicating a potential for a price rebound due to strong analyst support for improved earnings estimates [2][3]. Group 1: Technical Indicators - The Relative Strength Index (RSI) for CYBN is currently at 20.85, suggesting that the heavy selling pressure may be exhausting, which could lead to a price bounce back [5]. - A stock is typically deemed oversold when its RSI falls below 30, indicating a potential reversal point [5]. Group 2: Analyst Sentiment - There has been a strong consensus among sell-side analysts regarding CYBN's ability to report better earnings, leading to a 5.6% increase in the consensus EPS estimate over the last 30 days [2]. - CYBN 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 [2].