Pulmonx rebounds 39.3% after weeks of selling
Pulmonx stock jumps 39.3% in a week as a new buy signal appears
Pulmonx rebounds 39.3% after weeks of selling
Our view last week
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.
This week's summary
After weeks of near-relentless selling, Pulmonx closes the week with a 39.3% rebound: the stock is back on its daily EMA20, in the 1.4 area, climbing off the double bottom near 1.2, right the week after earnings. Pulmonx stock joins this week's fresh buy signals, third of 16, but it's still 81.9% below its 200-week average: our technical analysis says don't chase the spike.
IQS Phase
37
ordinary
Signal Strength
84
high · wide & volatile
Sizing
FULL
Ranking
#3 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 3rd among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 84 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -0.01% · monthly +1.89%
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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