Relative Strength Index (RSI)
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J&J Snack Foods (JJSF) Loses 11% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2026-02-04 15:36
Core Viewpoint - J&J Snack Foods (JJSF) has experienced an 11% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround as analysts expect better earnings than previously predicted [1]. Group 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]. - JJSF's current RSI reading is 24.47, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound [5]. Group 2: Fundamental Analysis - Analysts covering JJSF have shown strong consensus in raising earnings estimates, with a 0.2% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [7]. - JJSF 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].
Down 17.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Autodesk (ADSK)
ZACKS· 2026-02-04 15:36
Core Viewpoint - Autodesk (ADSK) has experienced a significant downtrend, with a stock decline of 17.9% 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 Analysis - 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]. - ADSK's current RSI reading is 27.28, indicating that the heavy selling pressure may be exhausting, which could lead to a price rebound as it seeks to return to equilibrium [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts regarding an increase in earnings estimates for ADSK, with the consensus EPS estimate remaining unchanged over the last 30 days, which typically correlates with price appreciation [7]. - ADSK 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].
Top 2 Tech Stocks That May Collapse In Q1 - SanDisk (NASDAQ:SNDK), Teradyne (NASDAQ:TER)
Benzinga· 2026-02-04 13:46
Core Insights - Two stocks in the information technology sector are signaling potential warnings for momentum-focused investors as of February 4, 2026 [1] Group 1: Momentum Indicators - The Relative Strength Index (RSI) is a key momentum indicator that compares a stock's performance on days with price increases to days with price decreases [2] - An asset is generally considered overbought when the RSI exceeds 70, indicating potential caution for traders [2] Group 2: Overbought Stocks - SanDisk Corp (NASDAQ:SNDK) is identified as one of the major overbought stocks in the information technology sector [3] - Teradyne Inc (NASDAQ:TER) is also listed among the overbought players in this sector [3]
Top 2 Tech Stocks That May Collapse In Q1
Benzinga· 2026-02-04 13:46
Core Insights - Two stocks in the information technology sector are signaling potential warnings for momentum-focused investors as of February 4, 2026 [1] Group 1: Momentum Indicators - The Relative Strength Index (RSI) is a key momentum indicator that compares a stock's performance on days with price increases to days with price decreases [2] - An asset is generally considered overbought when the RSI exceeds 70, indicating potential caution for traders [2] Group 2: Overbought Stocks - SanDisk Corp (NASDAQ:SNDK) is identified as one of the major overbought stocks in the information technology sector [3] - Teradyne Inc (NASDAQ:TER) is also listed among the overbought players in this sector [3]
Lumentum Holdings (LITE) Stock Is Trending Overnight: Here's What You Should Know - Lumentum Holdings (NASDAQ:LITE), Morgan Stanley (NYSE:MS)
Benzinga· 2026-02-04 02:41
Core Viewpoint - Lumentum Holdings Inc. shares experienced a significant increase following the release of strong second-quarter earnings results, indicating positive market sentiment and growth potential for the company [1]. Group 1: Q2 Results - Lumentum Holdings reported earnings per share of $1.67, surpassing analysts' expectations of $1.23 by 36% [2]. - Revenue for the quarter increased by $263.3 million compared to the same period last year [2]. - The company provided guidance for Q3 2026, forecasting earnings between $2.15 and $2.35 per share [2]. Group 2: Trading Metrics and Technical Analysis - The Relative Strength Index (RSI) for Lumentum Holdings is at 66.09, indicating strong momentum [3]. - The company has a market capitalization of $30.85 billion and a 52-week trading range of $45.66 to $464 [3]. - The stock has achieved a remarkable 416.07% gain over the past 12 months, currently trading at approximately 93.1% of its 52-week range, close to its annual high [3]. Group 3: Analyst Ratings and Price Action - Morgan Stanley maintained an Equal-Weight rating on Lumentum Holdings with a price target of $350 [4]. - The stock closed at $435.10, reflecting a 2.76% increase, and is noted for its strong momentum in the 99th percentile [4].
PayPal Stock Plummets on Earnings Miss, CEO Change
Schaeffers Investment Research· 2026-02-03 15:57
PayPal Holdings Inc (NASDAQ:PYPL) stock is gapping to nine-year lows, last seen down 18.2% to trade at $42.82. Should this price action hold, it will be the stock's second largest single-day percentage drop on record, the first being a 24.6% post-earnings loss on February 2, 2022. Pacing for its eighth-straight drop, the equity is now down 51.7% year over year.The company's disappointing fourth-quarter results are weighing on the shares today, with profits of $1.23 per share and revenue of $8.68 billion bot ...
After Plunging 17.7% in 4 Weeks, Here's Why the Trend Might Reverse for Salesforce.com (CRM)
ZACKS· 2026-02-03 15:36
Salesforce.com (CRM) has been on a downward spiral lately with significant selling pressure. After declining 17.7% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum os ...
Ethereum Price Warning: $1,500 Risk Appears As a Bullish Metric Drops 90%
Yahoo Finance· 2026-02-03 13:00
Core Insights - Ethereum price shows early signs of stabilization after a sharp sell-off, rebounding about 4.6% from a low near $2,160, but this may be a relief bounce within a broader falling wedge pattern [1] - On-chain data indicates weakening long-term holder behavior and profit-loss metrics, suggesting the rebound may lack strong conviction [1][5] - If current trends persist, Ethereum could be vulnerable to further declines, potentially reaching $1,500 [1] Price Movement and Technical Analysis - Since mid-January, Ethereum has experienced a nearly 37% decline to lows around $2,160, following a bearish divergence where price made higher highs while the Relative Strength Index (RSI) made lower highs [2] - The price has remained within a falling wedge, a typically bullish structure indicating weakening selling pressure [3] Long-term Holder Behavior - Long-term holder conviction has weakened significantly, with the Hodler Net Position Change dropping from a peak of +338,708 ETH on January 18 to around +40,953 ETH by February 2, a decline of nearly 90% [5][6] - The reduction in accumulation by long-term holders during the correction suggests that the market may not have reached a true bottom, as strong bottoms typically see continued accumulation despite falling prices [7] Profit and Loss Metrics - Ethereum's Net Unrealized Profit/Loss (NUPL) and exchange transfer data indicate that rallies are being sold, with NUPL measuring the profit or loss holders have on paper [8]
Down 18.3% in 4 Weeks, Here's Why Soleno Therapeutics (SLNO) Looks Ripe for a Turnaround
ZACKS· 2026-02-02 15:36
Core Viewpoint - Soleno Therapeutics, Inc. (SLNO) has experienced significant selling pressure, resulting in an 18.3% 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 SLNO is oversold, with a current reading of 28.79 indicating potential for a trend reversal [2][5] - RSI serves as a momentum oscillator that helps identify price movement changes, suggesting that SLNO may be undervalued due to excessive selling pressure [3] Group 2: Fundamental Analysis - Analysts have raised earnings estimates for SLNO by 7.8% over the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [7] - SLNO holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, further supporting the potential for a near-term turnaround [8]
Down 31.0% in 4 Weeks, Here's Why Commvault (CVLT) Looks Ripe for a Turnaround
ZACKS· 2026-02-02 15:36
Core Viewpoint - Commvault Systems (CVLT) has experienced a significant decline of 31% over the past four weeks, but it is now positioned for a potential trend reversal as it enters oversold territory, with analysts predicting better earnings than previously expected [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]. - CVLT's current RSI reading is 22.89, suggesting that the heavy selling pressure may be exhausting, indicating a potential 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 CVLT have increased by 24.9% over the last 30 days, which often correlates with price appreciation in the near term [7]. - CVLT 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 turnaround [8].