Pulmonx, sellers retake control
Pulmonx drops 16.4% as the double bottom comes under pressure again
Pulmonx, sellers retake control
Our view last week
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.
This week's summary
Pulmonx drops another 16.4% in a week of near-total selling, with 100% of the last session's volume on the sell side. The rebound flagged two weeks ago has stalled completely: price is back near the double bottom in the 1.2 area, with heavy distribution and contracting volume. Pulmonx stock remains one of the most closely watched sell signals in our weekly technical analysis, with the short back in profit.
IQS Phase
82
in tension / maturity
Signal Strength
69
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#26 / 141
US stocks
Trade P&L %
+8.59%
from signal to today
Rank position
ranks 26th among the 141 sell signals for US stocks in our ranking, with a signal strength of 69 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly +0.92% · monthly +6.01%
LUNG belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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