Pulmonx: the bounce stalls as sellers return
Pulmonx drops 9.1% as the rebound that looked set to close its Sell signal stalls
Pulmonx: the bounce stalls as sellers return
Our view last week
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.
This week's summary
Pulmonx's bounce stopped cold: after two weeks of recovery that seemed to be closing out the Sell signal, the stock dropped 9.1% this week, with sellers back in extreme control of the last session and a clear distribution phase. Price is back near the double-bottom zone, in the 1.2 area, while the short stays down 9.4%: the picture needs a rewrite, the decline is far from over, unlike what last week suggested.
IQS Phase
69
in tension
Signal Strength
27
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#93 / 140
US stocks
Trade P&L %
-9.37%
from signal to today
restricted Platinum content