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Down 10.4% in 4 Weeks, Here's Why Grifols (GRFS) Looks Ripe for a Turnaround
ZACKSยท 2025-11-06 15:35
Core Viewpoint - Grifols (GRFS) has faced significant selling pressure, resulting in a 10.4% decline over the past four weeks, but analysts anticipate improved earnings in the near future [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to determine if a stock is oversold, with a reading below 30 indicating oversold conditions [2] - GRFS has an RSI reading of 28.86, suggesting that the heavy selling may be nearing exhaustion, potentially leading to a price rebound [5] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for GRFS by 0.5% over the last 30 days, indicating a positive trend that typically correlates with price appreciation [7] - GRFS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, further supporting the potential for a turnaround [8]