Energy Fuels drops 15.4%: the decline regains speed
Energy Fuels drops 15.4% as the decline turns aggressive again after a lull
Energy Fuels drops 15.4%: the decline regains speed
Our view last week
Energy Fuels' decline is losing pace: after two heavy weeks, -11.7% and -5.5%, the drop eased to a modest -1.7%, with buyers back in the volume majority. Daily technical analysis shows a double bottom in the 13 area, with a 38% intermediate rebound — but money flow is at its most negative of the period: the picture is still split.
This week's summary
Energy Fuels' Sell signal has been under management for nine weeks, with the short above 36% in profit. After a week of calm, the decline came back hard: a 15.4% drop, sellers dominating nearly 90% of volume, and a fresh double bottom in the 12 area. Last week's bounce looked like a slowdown; now the slide has regained speed, though the 15% intermediate rebound off the lows leaves a question open.
IQS Phase
77
in tension
Signal Strength
61
decline starting to make lower lows
Sizing
STANDARD
Ranking
#51 / 140
US stocks
Trade P&L %
+36.31%
from signal to today
restricted Platinum content