Down -9.31% in 4 Weeks, Here's Why You Should You Buy the Dip in Axos Financial (AX)

Core Viewpoint - Axos Financial (AX) has experienced significant selling pressure, resulting in a 9.3% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted, indicating potential for recovery [1] Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2] - AX's current RSI reading is 28.89, suggesting that the heavy selling may be exhausting itself and a trend reversal could be imminent [5] Group 2: Fundamental Indicators - Analysts have raised earnings estimates for AX by 1.9% over the last 30 days, which often correlates with price appreciation in the near term [6] - AX 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 turnaround [7]