Down -20.84% in 4 Weeks, Here's Why Mission Produce (AVO) Looks Ripe for a Turnaround

Core Viewpoint - Mission Produce, Inc. (AVO) has experienced a significant downtrend with a 20.8% decline in stock price over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) for AVO is currently at 28.52, indicating that the stock is oversold and may soon experience a price reversal [5]. - RSI is a momentum oscillator that helps identify whether a stock is overbought or oversold, with readings below 30 typically signaling an oversold condition [2][3]. Group 2: Fundamental Indicators - There has been a strong consensus among sell-side analysts to raise earnings estimates for AVO, resulting in a 23.5% increase in the consensus EPS estimate over the last 30 days [6]. - AVO holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating a favorable outlook for a potential price rebound [7].