Sell signal, week 3 · US stocks
Energy Fuels drops 5.5% and slides down to its 200-week moving average
Our view last week
Energy Fuels stock closed the week down 3%, and the weekly price action is still all on the sellers' side: buying below 25% of volume and distribution underway. Yet the price has come to rest on its 30-day low, in the 11.2 area, and signal strength, very high seven days ago, has deflated: a decline losing steam. The Sell signal is in week 2, the week meant to confirm it, and that week is still in progress.
This week's summary
The support in the 11.2 area that the price had settled on a week ago gave way: the week closed down 5.5%, its 6th straight decline, with a new 30-week low that the close did not confirm. Energy Fuels stock now sits right above its 200-week moving average, in the 10.5 area, never lost on a weekly close in 20 weeks. The Sell signal is through its confirmation week and, in our technical analysis, price action stays bearish: among US stocks, this is a level to watch.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Oct 30
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IQS Phase
71
in tension
Signal Strength
31
decline starting to make lower lows
Sizing
REDUCED
Ranking
#87 / 175
US stocks sell signals
Trade P&L %
+8.29%
from signal to date, no stop loss
Energy Fuels (UUUU) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 87th among the 175 sell signals for US stocks in our ranking, with a signal strength of 31 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly -1.89% · monthly -7.72%
UUUU belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
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