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Down 12.8% in 4 Weeks, Here's Why TriNet (TNET) Looks Ripe for a Turnaround
ZACKS· 2025-11-11 15:35
Core Viewpoint - TriNet Group (TNET) has experienced a significant downtrend, with a 12.8% 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 key technical indicator used to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - TNET's current RSI reading is 29.75, suggesting that the heavy selling pressure may be exhausting, indicating a possible trend reversal [5]. Group 2: Fundamental Indicators - Analysts covering TNET have raised their earnings estimates for the current year, resulting in a 12.3% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [7]. - TNET 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 21.5% in 4 Weeks, Here's Why You Should You Buy the Dip in Torrid Holdings (CURV)
ZACKS· 2025-08-14 14:35
Core Viewpoint - Torrid Holdings (CURV) has experienced a significant decline of 21.5% 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 helps identify whether a stock is oversold, with readings below 30 indicating oversold conditions [2]. - CURV's current RSI reading is 27.85, suggesting that the heavy selling pressure may be exhausting, indicating a potential bounce back towards equilibrium [5]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that earnings estimates for CURV have increased by 5.9% over the last 30 days, which typically correlates with price appreciation [7]. - CURV 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].