Relative Strength Index (RSI)

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America's Car-Mart (CRMT) Loses 29.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKSยท 2025-08-05 14:36
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start look ...
Gambling.com (GAMB) Loses 16% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKSยท 2025-08-04 14:35
Core Viewpoint - Gambling.com Group Limited (GAMB) has experienced a significant downtrend, with a 16.1% 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) is a key technical indicator used to identify oversold conditions, with a reading below 30 typically indicating that a stock is oversold [2]. - GAMB's current RSI reading is 28.47, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound as the stock seeks to return to its previous equilibrium [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts regarding GAMB's earnings potential, with a 0.9% increase in the consensus EPS estimate over the last 30 days, suggesting that upward revisions in earnings estimates often correlate with price appreciation [7]. - GAMB 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, further indicating a strong potential for a near-term turnaround [8].
Down 13.8% in 4 Weeks, Here's Why You Should You Buy the Dip in Bank of Hawaii (BOH)
ZACKSยท 2025-08-04 14:35
Group 1 - Bank of Hawaii (BOH) has experienced significant selling pressure, resulting in a 13.8% decline in stock price over the past four weeks, but analysts expect better earnings than previously predicted [1] - The Relative Strength Index (RSI) for BOH is currently at 27.52, indicating that the stock is in oversold territory and may be poised for a rebound [5] - There has been a consensus among sell-side analysts to raise earnings estimates for BOH, with a 0.1% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [7] Group 2 - BOH 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 turnaround [8]
Here's Why StoneCo (STNE) is Poised for a Turnaround After Losing 22.3% in 4 Weeks
ZACKSยท 2025-08-04 14:35
Core Viewpoint - StoneCo Ltd. (STNE) has experienced significant selling pressure, resulting in a 22.3% decline over the past four weeks, but analysts anticipate better earnings than previously predicted, indicating potential for recovery [1]. Group 1: Technical Analysis - The Relative Strength Index (RSI) is a momentum oscillator that helps identify whether a stock is oversold, with readings below 30 indicating oversold conditions [2]. - STNE's current RSI reading of 27.46 suggests that the heavy selling may be exhausting, indicating a potential bounce back towards equilibrium in supply and demand [5]. Group 2: Fundamental Analysis - There is a strong consensus among sell-side analysts to raise earnings estimates for STNE, with a 3.5% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7]. - STNE 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, further supporting the potential for a near-term turnaround [8].
Down 8.0% in 4 Weeks, Here's Why You Should You Buy the Dip in Ingredion (INGR)
ZACKSยท 2025-08-04 14:35
Core Viewpoint - Ingredion (INGR) has faced significant selling pressure, resulting in an 8% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating a potential turnaround for the stock [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - INGR's current RSI reading is 23.91, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5]. - The RSI helps investors identify potential entry points for stocks that have fallen below their fair value due to excessive selling pressure [3]. Group 2: Fundamental Indicators - There has been a consensus among sell-side analysts to raise earnings estimates for INGR, resulting in a 0.6% increase in the consensus EPS estimate over the last 30 days [7]. - An upward trend in earnings estimate revisions typically correlates with price appreciation in the near term [7]. - INGR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, further supporting the potential for a turnaround [8].
Down 22.2% in 4 Weeks, Here's Why You Should You Buy the Dip in Chagee Holdings Limited - Sponsored ADR (CHA)
ZACKSยท 2025-08-04 14:35
Core Viewpoint - Chagee Holdings Limited (CHA) has experienced a significant decline of 22.2% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal supported by analyst consensus for better earnings than previously predicted [1] Technical Analysis - The Relative Strength Index (RSI) is a momentum oscillator that indicates whether a stock is oversold, with readings below 30 typically signaling this condition [2] - CHA's current RSI reading of 25.41 suggests that the heavy selling pressure may be exhausting, indicating a possible bounce back towards previous supply and demand equilibrium [5] Fundamental Indicators - There is a strong consensus among sell-side analysts that earnings estimates for CHA have increased by 1.4% over the last 30 days, which often correlates with near-term price appreciation [7] - CHA 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 [8]
After Plunging 15.4% in 4 Weeks, Here's Why the Trend Might Reverse for Gartner (IT)
ZACKSยท 2025-08-01 14:35
Group 1 - The stock of Gartner (IT) has experienced significant selling pressure, resulting in a 15.4% decline over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The Relative Strength Index (RSI) for IT is currently at 19.33, indicating that the heavy selling may be exhausting, suggesting a potential rebound towards the equilibrium of supply and demand [5] - There has been a consensus among sell-side analysts to raise earnings estimates for IT, leading to a 0.1% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7] Group 2 - IT 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 turnaround [8]
Insight Enterprises (NSIT) Loses 17.6% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKSยท 2025-08-01 14:35
Core Viewpoint - Insight Enterprises (NSIT) is experiencing significant selling pressure, having declined 17.6% over the past four weeks, but is now positioned for a potential trend reversal as it is in oversold territory with strong analyst consensus for better-than-expected earnings [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements, with a reading below 30 indicating that a stock is considered oversold [2] - NSIT's RSI reading is currently at 28.43, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5] Group 2: Fundamental Analysis - Over the last 30 days, the consensus EPS estimate for NSIT has increased by 0.3%, indicating a positive trend in earnings estimate revisions which typically leads to price appreciation [7] - NSIT 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 near-term turnaround [8]
Align Technology (ALGN) Loses 34.5% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKSยท 2025-08-01 14:35
Group 1 - Align Technology (ALGN) has experienced significant selling pressure, resulting in a 34.5% decline over the past four weeks, but analysts expect better earnings than previously predicted [1] - The Relative Strength Index (RSI) for ALGN is currently at 20.64, indicating that the heavy selling may be exhausting, suggesting a potential bounce back towards equilibrium [5] - There has been a consensus among sell-side analysts to raise earnings estimates for ALGN, leading to a 0.3% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7] Group 2 - ALGN 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 turnaround [8]
Down 7.1% in 4 Weeks, Here's Why Adtalem (ATGE) Looks Ripe for a Turnaround
ZACKSยท 2025-08-01 14:35
Group 1 - Adtalem Global Education (ATGE) has experienced significant selling pressure, resulting in a 7.1% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The Relative Strength Index (RSI) for ATGE is currently at 29.62, indicating that the stock is in oversold territory and may be due for a trend reversal [5] - There is a consensus among sell-side analysts that earnings estimates for ATGE have remained stable, with a 0% increase in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [7] Group 2 - ATGE 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 turnaround [8]