Lemonade Inc

LMND remains in a Stage 3 distribution phase with broken higher-high/lower-low structure and bearish pivot confirmation; medium-term bias is bearish, but short-term timing is neutral as price oscillates around the 9/20 EMA and 50-DMA support zone, so execution should be deferred until a rally into that resistance area for a rejection-based sell entry.

• ↑In-force premiums grew 32% YoY to $1.33B
• ↑Revenue surged 71% YoY to $258M
• ↓Operating expenses rose 25% YoY to $159M, pressuring margins