- Oops!Something went wrong.Please try again later.
Grupo Supervielle S.A. SUPV has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. And for technical investors there is some hope when looking at SUPV given that, according to its RSI reading of 27.08, it is now in oversold territory.
What is RSI?
RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. It compares the average of gains in days that closed up to the average of losses in days that closed down; readings above 70 suggest an asset is overbought, while an RSI below 30 suggests undervalued conditions are present.
Yet, SUPV’s low RSI value isn’t the only reason to have some optimism over a coming turnaround, as there has been plenty of positive earnings estimate revision activity as of late. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Grupo Supervielle’s earnings consensus.
Over the past two months, investors have seen 1 earnings estimate revisions moved higher, compared with none lower, at least when looking at the key current year time frame. And the consensus estimate for SUPV has also been on an upward trend over the past 60 days, as estimates have risen from $2.30/share two months ago to just $2.40/share right now.
If this wasn’t enough, Grupo Supervielle also has a Zacks Rank #1 (Strong Buy)which puts it into rare company among its peers. So, given all of these factors, investors may want to consider getting in on this stock now (or holding on), as there are some favorable trends that could bubble up for this stock before long. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Grupo Supervielle S.A. (SUPV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research