Group 1 - enGene Holdings Inc. (ENGN) has experienced a significant decline of 16.9% over the past four weeks, but it is now positioned for a potential trend reversal as it is in oversold territory [1] - The Relative Strength Index (RSI) for ENGN is currently at 26.43, indicating that the heavy selling pressure may be exhausting itself, suggesting a possible reversal in the stock's trend [4] - There is strong consensus among Wall Street analysts that ENGN will report better earnings than previously predicted, with a 2.3% increase in the consensus EPS estimate over the last 30 days [5] Group 2 - ENGN 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 price appreciation in the near term [5]
Here's Why enGene Holdings Inc. (ENGN) is Poised for a Turnaround After Losing -16.9% in 4 Weeks