Relative Strength Index (RSI)
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Bitcoin Is Incredibly Oversold, Say Some Chartists
Etftrends· 2026-02-09 17:57
Core Viewpoint - Bitcoin and other cryptocurrencies are experiencing significant declines, with Bitcoin's seven-day loss exceeding 22% as of February 5, 2024, and it is probing levels last seen in late 2024, needing to nearly double to reclaim its all-time high [1] Group 1: Market Conditions - Over $1 trillion in cryptocurrency market value has evaporated in a week, leading to a cautious sentiment among investors [1] - Bitcoin's relative strength index (RSI) is currently at 17, indicating it is historically oversold, a condition that has only occurred twice before during significant market downturns [1] Group 2: Historical Context - Previous instances of Bitcoin being this oversold occurred at the lows of the 2018 bear market and during the 2020 bear market caused by the COVID pandemic, both of which led to substantial price recoveries [1] - In 2018, Bitcoin increased from $3,150 to $13,800 over eight months, and in 2020, it surged from $3,900 to a cycle high of $65,000 within a year [1] Group 3: Trading Opportunities - Despite the current market weakness, astute traders may view the oversold conditions as an opportunity, especially as liquidity between $70,000 and $80,000 has been effectively wiped out [1]
Castle Biosciences (CSTL) Loses 16.8% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2026-02-09 15:36
Core Viewpoint - Castle Biosciences, Inc. (CSTL) has experienced significant selling pressure, resulting in a 16.8% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) is utilized to determine if CSTL is oversold, with a current RSI reading of 25.01 indicating potential for a trend reversal [2][5] - Stocks oscillate between overbought and oversold conditions, and the RSI helps identify when a stock's price may be due for a reversal, suggesting that CSTL may present an entry opportunity for investors [3] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for CSTL by 13.5% over the last 30 days, indicating a strong consensus among sell-side analysts that could lead to price appreciation [7] - CSTL holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which further supports the potential for a turnaround in the near term [8]
Down 18.9% in 4 Weeks, Here's Why S&P Global (SPGI) Looks Ripe for a Turnaround
ZACKS· 2026-02-09 15:36
Core Viewpoint - S&P Global (SPGI) has experienced a significant decline of 18.9% 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-than-expected earnings [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 typically indicating oversold conditions [2]. - SPGI's current RSI reading is 18.55, suggesting 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 that earnings estimates for SPGI have increased by 0.3% over the last 30 days, indicating a positive trend that often correlates with price appreciation [7]. - SPGI 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 GrafTech (EAF) is Poised for a Turnaround After Losing 50.4% in 4 Weeks
ZACKS· 2026-02-09 15:36
Core Viewpoint - GrafTech International (EAF) has experienced a significant decline of 50.4% over the past four weeks, but it is now positioned for a potential trend reversal as it is in oversold territory, supported by analysts predicting better earnings than previously estimated [1]. Group 1: Technical Indicators - 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]. - EAF's current RSI reading is 23.28, 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 that earnings estimates for EAF have increased by 0.1% over the last 30 days, which typically correlates with price appreciation [7]. - EAF 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].
After Plunging 22.6% in 4 Weeks, Here's Why the Trend Might Reverse for Maximus (MMS)
ZACKS· 2026-02-09 15:36
Core Viewpoint - Maximus (MMS) has experienced significant selling pressure, resulting in a 22.6% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Analysis - The Relative Strength Index (RSI) indicates that MMS is currently in oversold territory with a reading of 20.85, suggesting a potential trend reversal is imminent [5] - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with readings below 30 typically indicating oversold conditions [2][3] Group 2: Fundamental Indicators - Analysts have raised their earnings estimates for MMS by 2.8% over the last 30 days, reflecting a strong consensus among sell-side analysts, which often leads to price appreciation [7] - MMS 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, indicating a strong potential for a turnaround [8]
After Plunging 32.4% in 4 Weeks, Here's Why the Trend Might Reverse for Peloton (PTON)
ZACKS· 2026-02-09 15:36
Core Viewpoint - Peloton (PTON) has experienced significant selling pressure, resulting in a 32.4% decline in stock price over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 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] - PTON's current RSI reading is 29.61, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [5] Group 2: Fundamental Analysis - Analysts have raised their earnings estimates for PTON by 10.1% over the last 30 days, indicating a positive trend that typically leads to price appreciation [7] - PTON holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which further supports the potential for a turnaround [8]
Top 3 Real Estate Stocks That Could Blast Off In February - Elme (NYSE:ELME), Wheeler Real Estate IT (NASDAQ:WHLR)
Benzinga· 2026-02-09 13:41
Core Insights - The real estate sector has identified oversold stocks, presenting potential buying opportunities for undervalued companies [1] - The Relative Strength Index (RSI) is a key momentum indicator, with stocks considered oversold when the RSI is below 30 [1] Company Summaries - Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) is listed among the major oversold players in the real estate sector [3] - Zillow Group Inc (NASDAQ:Z) has an RSI value of 26.7, indicating it is oversold, and its stock price has decreased by approximately 21% over the past month, reaching a 52-week low of $53.61 [4] - Zillow's stock closed at $54.97 after a 1.8% increase on the last trading day [4]
TransDigm Group (NYSE:TDG) Overview: A Key Player in Aerospace with Potential Upside
Financial Modeling Prep· 2026-02-08 23:06
Core Viewpoint - TransDigm Group (TDG) is a significant player in the aerospace industry, providing highly engineered aircraft components for both commercial and military sectors, with notable competitors like Honeywell and United Technologies [1] Stock Performance - As of February 8, 2026, Jefferies set a price target of $1,565 for TDG, indicating a potential upside of approximately 21.74% from its trading price of $1,285.53 [2][6] - TDG's stock price is currently $1,285.53, reflecting a 1.76% increase or $22.28, with a trading range today between $1,270.27 and $1,300.62 [4] - Over the past year, TDG's stock reached a high of $1,623.83 and a low of $1,183.60, with a market capitalization of approximately $72.6 billion [4][6] Technical Indicators - The Relative Strength Index (RSI) for TDG has fallen below 30, indicating that the stock is in oversold territory and may be poised for a price reversal [3][6] - Recent trading volume for TDG is 390,766 shares, suggesting active investor interest and supporting the potential for a trend reversal in the stock price [5]
Bitcoin Prices Are Deeply Oversold. What Crypto Price Predictions Say Could Come Next.
Yahoo Finance· 2026-02-06 18:08
Bitcoin (BTCUSD) is extending losses today, crashing to a near two-year low of about $60,000 this morning, as a perfect storm of macroeconomic, political, and technical factors continued to pressure the world’s largest cryptocurrency by market cap. At one point on Feb. 6, Bitcoin’s relative strength index (RSI) was seen at a historic low of 16, indicating its most oversold level since November 2018. More News from Barchart While BTC has reversed some of the loss in recent hours, it remains down nearly ...
Down 20.8% in 4 Weeks, Here's Why Genpact (G) Looks Ripe for a Turnaround
ZACKS· 2026-02-06 15:36
Core Viewpoint - Genpact (G) has experienced a significant downtrend, with a stock decline of 20.8% over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to analysts' positive earnings outlook [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]. - Genpact's current RSI reading is 17.07, 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 Indicators - There is a strong consensus among sell-side analysts regarding an increase in earnings estimates for Genpact, with a 0.1% rise in the consensus EPS estimate over the last 30 days, suggesting potential price appreciation [7]. - Genpact 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 likely turnaround in the near term [8].