Long-Term Bullish Signal Hasn't Failed Samsara Stock

Samsara Inc (NYSE:IOT) is currently trading at $33.60, down 23% year-over-year, following five consecutive weekly losses. However, the stock is testing a historically bullish long-term trendline, being within 3% of its 40-month moving average. Historically, similar signals have led to an average gain of 20% in one month and 66.7% in three months. Short interest has increased by 3%, with 23.51 million shares sold short. Options traders are pricing in low volatility expectations, as indicated by a low Schaeffer's Volatility Index (SVI) of 42%.