NuScale Power Stock Surges After Amazon Partnership Announcement
- Stock Rebound: NuScale Power's stock surged following Amazon's partnership announcement, with trading volume reaching 30.2 million shares, significantly above the daily average of 28.9 million, indicating strong market interest in small modular reactor technology.
- Romania Project Progress: Romania approved the Final Investment Decision for NuScale's 462-megawatt project, with a financing package valued at approximately $7 billion, requiring six months to finalize, suggesting a potential announcement in late August that marks the transition from planning to execution.
- Bank Analyst Rating: Bank of America resumed coverage of NuScale on May 22, assigning a Neutral rating with a $12 price target, highlighting its regulatory advantage in the small modular reactor sector while noting that revenue currently stems from services rather than reactor construction, with initial operations not expected until the early 2030s.
- Market Outlook: As the sole holder of U.S. NRC Standard Design Approval for SMRs, NuScale faces challenges with the gradual conversion of agreements into contracts, yet its substantial project pipeline remains promising, with financing developments in the coming months likely to significantly impact the company's future.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0397 | 0.0488 | 0.0546 | 0.0638 | 0.0696 | 0.0787 | 0.0846 |
| Fibonacci | 0.0488 | 0.0545 | 0.058 | 0.0638 | 0.0695 | 0.073 | 0.0787 |
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