Shares of nuclear power company NuScale Power Corporation (SMR) just tagged a multi-factor support level. The horizontal trendline and descending trendline seen in the chart below, converged with price on Friday, March 27th, 2026. This represents an epic swing trade opportunity, one of my favorites.
There is the potential for 40% upside within weeks on NuScale Power. The stock is down a whopping 82% from its October 2025 high of $57.50.
The bull case for NuScale is two fold. The first is extreme oversold. Dropping 82% in six months signals the high probability of a reflex, countertrend bounce. Second, the war between Iran and the U.S. and the major disruption in the Straights of Hormuz will trigger more countries to invest in nuclear power. As of now the demand was from data centers, but this reality check, with global energy and the power one country can have on it is a wake-up call.
These factors should yield an up to 40% near-term bounce in NuScale Power Corp. My upside target is $14.30.
Source: https://www.fxstreet.com/news/nuscale-power-smr-into-multi-factor-support-40-upside-potential-swing-trade-202603301350
