Down -11.49% in 4 Weeks, Here's Why You Should You Buy the Dip in OPAL FUELS INC (OPAL)

Core Viewpoint - OPAL Fuels Inc. has experienced significant selling pressure, resulting in an 11.5% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously expected, indicating potential for recovery [1]. Group 1: Technical Indicators - The stock is currently in oversold territory, with a Relative Strength Index (RSI) reading of 29.86, suggesting a possible reversal in trend [5]. - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with readings below 30 typically indicating an oversold condition [2][3]. Group 2: Fundamental Indicators - There has been a strong consensus among sell-side analysts to raise earnings estimates for OPAL, leading to a 37.7% increase in the consensus EPS estimate over the last 30 days, which often correlates with price appreciation [6]. - OPAL 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 [7].