Weave Communications: Oversold and Poised for a Reversal

Weave Communications (WEAV) has lost 26.1% in the last four weeks but may be due for a trend reversal as it is now oversold and Wall Street analysts expect better earnings. The RSI reading is 27.34, indicating potential exhaustion of selling pressure, and a 29.8% increase in consensus EPS estimate over the last 30 days supports a potential rebound. WEAV has a Zacks Rank #2 (Buy), further indicating a near-term turnaround.