Why Stryker Stock May Be Headed For A Prolonged Slowdown

Core Insights - Stryker Corporation is currently experiencing a significant bearish development as it has broken its Cakra formation, indicating a prolonged period of underperformance [1][5][9] Cakra Formation Breakdown - The Cakra structure typically forms between Phases 4–8 and is associated with bullish implications; however, Stryker's stock broke below the lower arc during Phase 8, triggering a bearish signal known as the Move of Pralaya [2][3][5] Stock Performance - Since the breakdown, Stryker's stock has declined approximately 9%, with any attempts at a rebound being met with selling pressure, confirming the bearish shift [6][9] Cycle Outlook - The Move of Pralaya indicates that the underperformance is not a short-term issue and may extend for multiple phases until the Guna Triads (Phases 14–16) begin, suggesting a prolonged period of weakness for Stryker [7][9] Options Flow - The options market reflects bearish expectations, with heavy out-of-the-money (OTM) call writing observed for the November expiry, indicating a lack of confidence in the stock's near-term performance [8] Investor Outlook - The current situation suggests that Stryker's stock is in the early phase of its Pralaya move, with intensifying selling pressure expected; this breakdown may indicate deeper fundamental or structural issues beyond mere technical weaknesses [9]