Lululemon Athletica Inc. has experienced a pronounced deterioration in relative strength, sliding deep into the lower tier of the SIA S&P 500 Index Report. Since entering the Neutral zone with a red SMAX score in February 2024, the stock has declined sharply and now sits near the bottom of the report’s rankings amid continued technical weakness. With the Specialty Retail sector currently unfavoured within the SIA Sector Report, LULU’s relative positioning may continue to face pressure compared to stronger areas of the market.