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EVGO
Benzinga
169 days

EVgo Stock Hits Oversold Territory Ahead Of Q4 - Relief Rally Incoming?

1. EVgo to report Q4 earnings, expected loss of 9 cents per share. 2. Stock down 9.62% over the past year, 38.31% YTD. 3. Stock price stuck below major moving averages indicates bearish trend. 4. RSI at 29.31 shows EVgo is oversold but uncertain about rebound. 5. Analysts have a Buy rating with a 132% upside target of $6.97.

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FAQ

Why Bullish?

Although currently down, analysts project significant upside potential based on ratings and targets. Historical examples show stocks may rebound after oversold conditions and analyst upgrades.

How important is it?

The article focuses heavily on EVgo's earnings and market position, highly relevant for stock valuation.

Why Short Term?

The stock's oversold status could lead to a relief rally soon. Short-term price movements often follow earnings releases and analyst sentiments.

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