Down -28.09% in 4 Weeks, Here's Why Hyliion (HYLN) Looks Ripe for a Turnaround

Group 1 - Hyliion Holdings Corp. (HYLN) has experienced significant selling pressure, resulting in a 28.1% loss over the past four weeks, but it is now considered to be in oversold territory with potential for recovery [1] - The Relative Strength Index (RSI) for HYLN is currently at 28.41, indicating that the heavy selling may be exhausting itself, suggesting a possible bounce back towards equilibrium [5] - Analysts have raised earnings estimates for HYLN, with a 6.3% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [6] Group 2 - HYLN 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 strong potential for a turnaround [7]