The forecast for NuScale Power (SMR) is bearish, with a predicted price drop of -8.33% to $8.01 by August 9, 2024. The sentiment is bearish, and the Fear & Greed Index indicates fear. The stock is currently trading 9.09% above the forecast, suggesting it may be overvalued.
- Technical Analysis Indicators: The SMR stock forecast is based on technical analysis indicators, which show a bearish sentiment. Out of 13 technical analysis indicators, 11 signal bullish signals, while 13 signal bearish signals. The Moving Averages Convergence Divergence (MACD) is also indicating a sell signal1.
- Support and Resistance Levels: The stock has found support below its current level at $7.63, with a natural risk if this support level is broken. The next support level is expected at $7.35 and $6.982.
- Market Sentiment: The overall market sentiment for SMR is bearish, with a 50% chance of green days over the last 30 days. The stock has experienced a loss of -20.46% since July 24, 2024, and is currently oversold on the Relative Strength Index (RSI)2.
In conclusion, the forecast for NuScale Power is bearish, and investors should exercise caution. It is recommended to avoid buying SMR stock at this time.
8/5/2024 02:35am
