Sell signal, confirmation week closes bearish
NuScale drops 7.4%, but the double bottom holds: decline making lower lows
Sell signal, confirmation week closes bearish
Our view last week
A fresh sell signal fires on NuScale Power, ranked 39th among the 137 US sell signals. The week just closed lost 3.4%, and signal strength drops to 9 out of 100: a decline with no new momentum. The quality band flags trading as not recommended on a highly volatile stock.
This week's summary
NuScale Power shares drop 7.4% this week, yet find a double bottom in the 8.9 area with a 36% intermediate rebound: the second week of the signal still closes lower, and the Sell signal keeps carving lower lows. Negative money flow and an ongoing distribution phase weigh on a highly volatile name. In this week's technical read NuScale ranks 31st among the 137 US sell signals; the quality band flags trading as not recommended.
IQS Phase
72
in tension
Signal Strength
36
decline starting to make lower lows
Sizing
REDUCED
Ranking
#31 / 137
US stocks sell signals
Trade P&L %
+7.38%
from signal to today
restricted Platinum content