Pulmonx, a second straight rally: the confirmation holds
Pulmonx stock jumps 25.2% as the buy signal's confirmation week closes higher
Pulmonx, a second straight rally: the confirmation holds
Our view last week
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.
This week's summary
Pulmonx stock jumps again, +25.2% this week: the buy signal that fired seven days ago holds, and the first confirmation week closes higher. Signal strength is high, a wide, volatile move to manage with discipline. The price has already tested the recent highs once: discipline calls for waiting on a pullback before opening a new position. Weekly technical analysis on Pulmonx stock.
IQS Phase
45
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#13 / 132
US stocks in progress
Trade P&L %
+25.15%
from signal to date, no stop loss
Rank position
ranks 13th among the 132 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein strong phase
Performanceweekly +1.93% · monthly +2.08%
LUNG belongs to the health care sector (reference ETF XLV). The sector is classified in strong phase according to our weekly reading.
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