NuScale Power: the decline loses steam
NuScale Power stock: +4.1% as the Sell signal shows its first signs of fatigue
NuScale Power: the decline loses steam
Our view last week
NuScale Power bounces 4.8% this week, climbing off a clean double bottom in the 8.1 area: an 11% rebound off the lows that comes with the first signs of seller fatigue, still dominant but fading. NuScale Power stock stays inside a sell signal, with signal strength at 39 out of 100 - a decline with no fresh push, on a name with very high volatility. Our model flags trading as not recommended for fresh entries here.
This week's summary
NuScale Power's Sell signal is in its fifth week and this one closes up 4.1%, the second straight rebound after the 14.6% plunge two weeks ago. Buyers took control of volume, at 60%, but money flow stays negative and the weekly ADX is climbing, a sign the trend is still gaining conviction. NuScale Power stock stays inside a sell signal, with the short already more than 13% in the money, and earnings land this week too, due August 5.
IQS Phase
70
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#131 / 138
US stocks
Trade P&L %
+13.73%
from signal to date, no stop loss
Rank position
ranks 131st 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%
SMR belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content