Allegiant Travel Down 30.7% in Month; RSI of 28.81 Signals Rebound
Allegiant Travel shares have plunged 30.7% over the past four weeks and now register an RSI of 28.81, placing the stock in oversold territory. Over the last 30 days, consensus EPS estimates rose by 0.2% and the company earned a Zacks Rank #1 for potential near-term turnaround.
1. 30.7% Four-Week Decline
Allegiant Travel shares have fallen 30.7% over the past four weeks as heavy selling pressure weighed on the stock, marking one of its steepest monthly declines in recent quarters.
2. RSI Indicates Oversold Conditions
The stock’s Relative Strength Index has dropped to 28.81, below the 30 threshold that typically denotes oversold status, suggesting potential for a technical rebound once selling exhaustion subsides.
3. Analyst Estimate Revisions & Zacks Rank
Over the last 30 days, sell-side analysts have lifted their consensus EPS forecast for the current year by 0.2%, and the stock holds a Zacks Rank #1, reflecting top-tier estimate revisions that often precede price appreciation.