$UCAR Breaks Out: Heavy Buying Pushes Penny Stock Over 60% Higher in One Day

$U Power(UCAR)$

U Power(UCAR) Explodes +62.73%: Penny Stock Rockets on Heavy Volume, $1.75 Intraday High

Latest Close Data

Closed at $0.7222 on 2026-03-17, surging +62.73% from the previous close. The stock remains 85.5% below its 52-week high of $4.98.

Core Market Drivers

The extreme price action appears driven by speculative retail momentum, with no major company-specific news reported.
The massive 259% intraday amplitude and astronomical 4,192% turnover rate indicate a classic low-float, high-volatility squeeze scenario, likely exacerbated by low liquidity.

Technical Analysis

Volume exploded to 208M shares (Volume Ratio: 609.54), confirming intense buying interest.
The RSI(6) rocketed from deeply oversold at 10.5 to 40.3, suggesting a strong momentum reversal.
However, the MACD histogram remains negative at -0.158, indicating the longer-term trend is still bearish despite the sharp bounce.

Key Price Levels

Primary Support: $0.4437 (yesterday's low & recent pivot).
Strong Resistance: $2.0337 (previous resistance level).
Immediate Pivot: $0.7222 (today's close). Holding above this is critical for continued upward momentum.

Valuation Perspective

The stock trades at a P/S of 0.51 and a negative P/E due to losses. While the P/S appears low, the fundamental picture is weak with negative ROE (-17.01%) and ROA (-5.90%).

Analyst Targets

Only 1 analyst covers the stock, with a price target of $4.00 and a "Buy" rating. The coverage is too limited to derive a strong consensus.

Weekly Outlook

Expect extreme volatility to continue. The immediate range is between $0.60 (today's low) and $1.75 (today's high). A sustained break above $0.75 could target $1.20, while a fall below $0.44 risks a retest of the 52-week low.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.