Terrestrial Energy: 8th week of the sell signal
Terrestrial Energy stock drops 5.4% as daily higher lows keep building
Our view last week
Terrestrial Energy closed the week up a modest 1.2%, far softer than the 18.5% surge posted seven days earlier: buyers still control the tape, with 64% of the turnover, but volumes are contracting and the weekly candle closed indecisive, with distribution signals emerging. The MACD, though, is improving, and the histogram has grown for a third straight week. The sell signal on this Terrestrial Energy stock continues into its sixth week, with the trade up 8.8% since entry.
This week's summary
Terrestrial Energy stock drops 5.4% this week, giving back part of the 18.5% surge from two weeks earlier: sellers retake control of the turnover, yet the MACD and its histogram keep improving for a third straight week, and momentum is rising for a second. On the daily chart, though, the price keeps printing higher lows. The sell signal on this stock is now in its 8th week, with the trade up 13.8%.
IQS Phase
52
ordinary
Signal Strength
46
decline fading out
Sizing
REDUCED
Ranking
#29 / 93
US stocks
Trade P&L %
+13.78%
from signal to date, no stop loss
Rank position
ranks 29th among the 93 sell signals for US stocks in our ranking, with a signal strength of 46 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
IMSR belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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