Terrestrial Energy, the decline keeps losing steam
Terrestrial Energy edges up 0.6% while distribution stays hot
Terrestrial Energy, the decline keeps losing steam
Our view last week
After last week's 21.5% plunge, Terrestrial Energy's Sell signal is losing steam: this week closes up 5.5%, but a bearish engulfing bar just showed up on the daily chart, a sign sellers came back late in the week. Distribution stays underway and daily money flow is still negative. Terrestrial Energy stock, among the most volatile in its category, remains in trading-not-recommended territory per our weekly technical analysis.
This week's summary
Terrestrial Energy closes the week almost flat, up 0.6%, after the 21.5% plunge two weeks ago and last week's 5.5% bounce: the bearish engulfing bar spotted seven days ago found follow-through, buyers account for just 1.8% of daily turnover, and money flow is turning negative again on the CMF. Price is trading between the first resistance, the daily pivot in the 5.09 area, and the first support, the 7-day low in the 4.61 area.
IQS Phase
85
in tension / maturity
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#119 / 138
US stocks
Trade P&L %
+23.99%
from signal to date, no stop loss
Rank position
ranks 119th among the 138 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
IMSR belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content