Sell signal nearly spent, stock rebounds 10.8%
Pulmonx rebounds 10.8% off the double bottom as the Sell signal loses steam
Sell signal nearly spent, stock rebounds 10.8%
Our view last week
Pulmonx is in week 3 of a sell signal, and the week just closed rebounded 11.2%. Signal strength drops to 2 out of 100 and describes a decline losing steam: not proof the drop is over, but a sign it's losing ground. The setup quality indicator, at 65 out of 100, stays in the ordinary range, and the stock ranks 81st among the 137 US sell signals.
This week's summary
Pulmonx shares bounce for a second straight week — up 10.8% after the prior 11.2% — confirming the double bottom in the 1.2 area. The Sell signal is losing its last bit of push: signal strength drops to 2 out of 100, price is back near the Inversion Point, and the confirmation week closes in favor of exiting. In this week's technical analysis, setup quality stays ordinary at 46 out of 100, and the stock slips to 113th among the 137 US sell signals.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Aug 5
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IQS Phase
46
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#113 / 137
US stocks sell signals
Trade P&L %
-20.31%
from signal to today
restricted Platinum content