PULMONX CORP (LUNG) Stock Technical Analysis
NASDAQ:LUNG - Nasdaq - US7458481014 - Common Stock - Currency: USD
Overall LUNG gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, LUNG is a bad performer in the overall market: 97% of all stocks are doing better.
LUNG is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 84% of 187 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. The S&P500 Index is trading in the upper part of its 52 week range, so LUNG is lagging the market.
In the last month LUNG has a been trading in the 2.83 - 3.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, LUNG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.96, a Stop Loss order could be placed below this zone.
More info and screens
2.92
7.03
When analyzing the support we notice one important area.
- A support zone ranging from 2.95 to 2.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 3.40 to 3.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.96 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The short term trend for LUNG is down. |
| ChartMill Relative Strength | 3.27 | NEGATIVE | LUNG has a low relative strength, it was outperformed by 96.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LUNG is below 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) | 37.99 | NEUTRAL | The RSI value for LUNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests LUNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.92 | NEUTRAL | The Stochastics value for LUNG is a neutral value. |
| Average True Range in percent/ATR (20) | 8.69 | HIGH VOLATILITY | The high ATR as a percentage value for LUNG suggests high volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for LUNG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.03
-0.11 (-3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.5%
1 Week-4.42%
2 Weeks-10.88%
1 Month-11.4%
3 Month-59.71%
6 Month-50.33%
12 Month-47.49%
2 Year-76.89%
3 Year-79.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%8.69%
ATR Inc-52.08%
Range Today0.1
ADR(20)0.25
ADR(20)%8.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.27
Mansfield-5.43
10 Day High3.56
10 Day Low2.96
20 Day High3.56
20 Day Low2.83
52 Week High9.37
52 Week Low2.83
CS1 End2.96
CR1 Start3.4
Volume & EV
DER(3)0.59%
DER(5)2.44%
Volume179.40K
Volume Incr-24.21%
Vol(5)294.48K
Vol(50)401.86K