NuScale sell signal watch: -14.6% this week
NuScale Power drops 14.6% as the decline keeps making lower lows
NuScale sell signal watch: -14.6% this week
Our view last week
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.
This week's summary
NuScale Power shares drop another 14.6% this week, the sharpest fall since the sell signal opened: the double bottom from seven days ago didn't hold, and the decline keeps carving lower lows, pace holding. Money flow stays negative and distribution is deepening, on a name with very high volatility. Our model flags trading as not recommended for fresh entries; for anyone already short, the trade is more than 20% in the money.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Aug 12
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IQS Phase
64
ordinary
Signal Strength
85
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#27 / 140
US stocks sell signals
Trade P&L %
+20.90%
from signal to today
restricted Platinum content