LUNG Technical Analysis - PULMONX CORP

Technical Rating and Analysis

Taking everything into account, LUNG scores 1 out of 10 in our technical rating. LUNG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, LUNG is a bad performer in the overall market: 99% of all stocks are doing better.

LUNG is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 84% of 191 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 1.53 - 1.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

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 very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.49

2.76

We found 1 important support area.

Support @1.51 from a horizontal line in the daily time frame.

We can see 4 important resistance areas.

Resistance @1.75 from a horizontal line in the weekly time frame.
Resistance @1.81 from a trend line in the daily time frame.
Resistance @1.87 from a horizontal line in the daily time frame.
Resistance @2.73 from a trend line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	1.83	NEGATIVE	LUNG has a low relative strength, it was outperformed by 98.17% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LUNG is above the rising 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)	46.54	NEUTRAL	The RSI value for LUNG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests LUNG has a positive trend.
Stochastics (14,3)	23.53	NEUTRAL	The Stochastics value for LUNG is a neutral value.
Average True Range in percent/ATR (20)	8.1	HIGH VOLATILITY	The high ATR as a percentage value for LUNG suggests high volalility.
Average Directional Index/ADX (14)	11.38	NEGATIVE	The low ADX value for LUNG suggests a weak or negative trend.