Relative Strength Index (RSI)
Search documents
CSW Industrials (CSW) Loses 6.8% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-06-20 14:36
Core Viewpoint - CSW Industrials (CSW) is experiencing significant selling pressure, with a 6.8% decline over the past four weeks, but is positioned for a potential trend reversal as it is in oversold territory and analysts expect better earnings than previously predicted [1] Group 1: Technical Indicators - 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] - CSW's current RSI reading is 27.72, suggesting that the heavy selling may be exhausting itself and a trend reversal could occur soon [5] - RSI helps identify potential entry opportunities for investors when a stock is undervalued due to unwarranted selling pressure [3] Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts that CSW's earnings estimates for the current year have increased by 1.6% over the last 30 days, indicating a potential for price appreciation [7] - CSW 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]
Down 9.5% in 4 Weeks, Here's Why You Should You Buy the Dip in Paycom (PAYC)
ZACKS· 2025-06-19 14:36
A downtrend has been apparent in Paycom Software (PAYC) lately with too much selling pressure. The stock has declined 9.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversol ...
Down 10.2% in 4 Weeks, Here's Why Paylocity (PCTY) Looks Ripe for a Turnaround
ZACKS· 2025-06-19 14:36
Core Viewpoint - Paylocity (PCTY) is experiencing significant selling pressure, with a 10.2% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by positive earnings forecasts from Wall Street 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]. - PCTY's current RSI reading is 29.59, suggesting that the heavy selling pressure may be exhausting itself, indicating a potential trend reversal [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts to raise earnings estimates for PCTY, with a 1.2% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - PCTY 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 potential turnaround [8].
Samsara Inc. (IOT) Loses 19.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-06-18 14:35
Core Viewpoint - Samsara Inc. (IOT) has experienced a significant downtrend, with a 19.2% decline in stock price 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 determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - IOT's current RSI reading is 29.81, suggesting that the heavy selling pressure may be exhausting itself, indicating a possible trend reversal [5]. Group 2: Fundamental Indicators - There is a strong consensus among sell-side analysts regarding an increase in earnings estimates for IOT, with a 27.7% rise in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7]. - IOT 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].
Here's Why Senseonics (SENS) is Poised for a Turnaround After Losing 5.7% in 4 Weeks
ZACKS· 2025-06-18 14:35
Core Viewpoint - Senseonics Holdings (SENS) has experienced significant selling pressure, resulting in a 5.7% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [2] - SENS has an RSI reading of 23.99, suggesting that the heavy selling may be exhausting, indicating a potential rebound towards equilibrium [5] Fundamental Indicators - There is a strong consensus among sell-side analysts to raise earnings estimates for SENS, leading to a 26.3% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7] - SENS 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]
Sell alert: 2 overbought stocks to avoid trading this week
Finbold· 2025-06-18 11:08
Group 1: Market Overview - Market volatility is increasing due to ongoing geopolitical tensions in the Middle East, with several stocks showing warning signs of being overbought [1] - Elevated relative strength index (RSI) indicates that some equities may be primed for a correction [1] Group 2: Oracle (NYSE: ORCL) - Oracle shares dipped 1.3% to close at $208.18, despite a strong fiscal fourth-quarter report, with the stock spiking almost 18% over the past week [2][3] - The 14-day RSI for Oracle has reached 79, indicating it is overbought [3] - For the quarter ending in May, Oracle reported revenue of $15.9 billion, an 11% year-over-year increase, surpassing analyst expectations [3] - CEO Safra Catz forecasted "dramatically higher" revenue growth for fiscal 2026, with cloud services projected to grow from 24% to 40% and cloud infrastructure expected to surge over 70%, up from 50% [4] - Oracle's partnerships, including a multibillion-dollar AI data center initiative with Stargate, OpenAI, and SoftBank, could attract up to $500 billion in private investment by 2029 [4] Group 3: Viasat (NASDAQ: VSAT) - Viasat shares closed up 0.53% at $13.16, with a weekly increase of almost 23% [5][9] - The 14-day RSI for Viasat is at 77.69, indicating it may also be overbought [9] - Viasat's expansion into satellite communications, including the deployment of two major satellites, has contributed to its stock rally [9] - The company secured a $568 million IDIQ contract with the U.S. General Services Administration to support military communications infrastructure modernization [10] - Despite solid fundamentals, Viasat's rapid stock ascent and high RSI may suggest the market is getting ahead [10]
Down 7.8% in 4 Weeks, Here's Why ACI Worldwide (ACIW) Looks Ripe for a Turnaround
ZACKS· 2025-06-16 14:35
Core Viewpoint - ACI Worldwide (ACIW) has experienced a downtrend with a 7.8% 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 momentum oscillator that indicates whether a stock is oversold, with readings below 30 typically signaling this condition [2]. - ACIW's current RSI reading is 28.04, indicating that heavy selling may be exhausting itself, which could lead to a price rebound [5]. Group 2: Fundamental Analysis - Analysts have shown strong agreement in raising earnings estimates for ACIW, with a 0.1% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - ACIW 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].
After Plunging 8.8% in 4 Weeks, Here's Why the Trend Might Reverse for Cervecerias Unidas (CCU)
ZACKS· 2025-06-10 14:35
Core Viewpoint - Cervecerias Unidas (CCU) is experiencing significant selling pressure, with an 8.8% decline over the past four weeks, but is now positioned for a potential trend reversal as it enters oversold territory, supported by analysts predicting better-than-expected earnings [1]. Group 1: Technical Indicators - 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]. - CCU's current RSI reading is 26.52, suggesting that the heavy selling may be exhausting itself, indicating a possible bounce back towards equilibrium in supply and demand [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that earnings estimates for CCU have increased by 12.9% over the last 30 days, which often correlates with price appreciation in the near term [7]. - CCU 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 indicating a potential turnaround [8].
Down 18.2% in 4 Weeks, Here's Why You Should You Buy the Dip in Banco Macro (BMA)
ZACKS· 2025-06-10 14:35
Core Viewpoint - Banco Macro (BMA) has experienced a significant downtrend, with an 18.2% decline in stock price 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 determine if a stock is oversold, with a reading below 30 typically indicating this condition [2]. - BMA's current RSI reading is 28.6, indicating that the heavy selling pressure may be exhausting, and a price reversal could be imminent [5]. Group 2: Fundamental Indicators - Analysts covering BMA have raised their earnings estimates for the current year, resulting in a 2.5% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - BMA 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].
3 Oversold Stocks Flashing Bullish Reversal Signals
MarketBeat· 2025-06-07 13:47
Group 1: Copart Inc. (NASDAQ: CPRT) - Copart's stock has experienced a significant decline, dropping over 21% from its all-time highs, with the Relative Strength Index (RSI) falling to 21, indicating it is deeply oversold and may be poised for a bounce [3][4]. - The recent plunge in Copart's stock price was attributed to an underwhelming earnings report, despite the company achieving its highest-ever revenue, which led to concerns that expectations had outpaced fundamentals [4][5]. - Analysts maintain a Neutral rating on Copart, with a price target of $55, suggesting that the stock is currently trading below its fair value, presenting an attractive risk/reward scenario [5]. Group 2: Cooper Companies Inc. (NASDAQ: COO) - Cooper Companies' stock has been on a downward trend, hitting multi-month lows with an RSI in the low 20s, indicating oversold conditions [7]. - Following a strong earnings report that exceeded expectations and reaffirmed full-year guidance of 10-15% EPS growth, the stock saw a nearly 6% increase in one day, with the RSI beginning to rise [8][9]. - Analysts have a 12-month price forecast of $100.38 for Cooper Companies, indicating a potential upside of 38.77% from the current price of $72.33 [6]. Group 3: UnitedHealth Group Inc. (NYSE: UNH) - UnitedHealth's stock has declined over 50% from its April highs due to disappointing earnings and negative market sentiment [10]. - Despite bearish trends, the stock has shown signs of stabilization, with the RSI remaining below 30 and a bullish crossover in the MACD, indicating potential for recovery [11]. - Analysts have reiterated positive ratings, with KeyCorp maintaining an Overweight rating and a price target of $400, suggesting a potential upside of over 35% from current levels [12].