PULMONX CORP (LUNG) Stock Technical Analysis
NASDAQ:LUNG • US7458481014
Taking everything into account, LUNG scores 0 out of 10 in our technical rating. LUNG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 93% of all other stocks performed better in the past year than LUNG.
- LUNG is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 71% of 185 stocks in the same industry do better.
- LUNG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month LUNG has a been trading in the 1.38 - 1.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LUNG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.44, a Stop Loss order could be placed below this zone.
More info and screens
1.40
We found 1 important support area.
- A support zone ranging from 1.41 to 1.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.64 from a horizontal line in the daily time frame.
- Resistance @2.08 from a trend line in the daily time frame.
- Resistance @2.25 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LUNG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LUNG is neutral. |
| ChartMill Relative Strength | 7.44 | NEGATIVE | LUNG has a low relative strength, it was outperformed by 92.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LUNG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LUNG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LUNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.11 | NEUTRAL | The RSI value for LUNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests LUNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.19 | OVERBOUGHT | The high Stochastics value suggests LUNG may be overbought. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for LUNG suggests high volalility. |
| Average Directional Index/ADX (14) | 27.09 | POSITIVE | The high ADX value value for LUNG suggests a strong trend. |
1.58
-0.06 (-3.66%)
PULMONX CORP / LUNG FAQ
What is the technical rating for LUNG stock?
ChartMill assigns a technical rating of 0 / 10 to LUNG.
Can you provide the trend direction for PULMONX CORP?
The current trend direction for PULMONX CORP (LUNG) is Bearish.
Can you provide the RSI signal for PULMONX CORP?
PULMONX CORP (LUNG) has an RSI value of 47.111. This indicates that the stock is currently neutral.
What is the MACD signal for PULMONX CORP (LUNG) stock?
The MACD indicator for PULMONX CORP (LUNG) has a value of 0.0375935, indicating a bearish trend.
What is the short term momentum for LUNG stock?
The short term momentum for PULMONX CORP (LUNG) is neutral.