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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 12/13/2024 -
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Intuitive Surgical Inc. (ISRG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineOversold sectorBroken trend resistance lineTrend resistance at 534.31
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Intuitive Surgical Inc. (ISRG). During the week, the ISRG dropped -10.81 points, or -1.96%, and closed at 539.60 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -19% below average.

ISRG is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ISRG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 180.07 and reached 556.23 on December 6, 2024. ISRG gained -376.16 points, or -208.90%, in 112 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (534.31). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See ISRG medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 254.85 and reached 556.23 on December 6, 2024. ISRG gained -301.38 points, or -118.26%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (482.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ISRG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 18, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ISRG short-term trend chart]
A short-term uptrend had started on October 7, 2024 at 470.06 and reached 556.23 on December 6, 2024. ISRG gained -86.17 points, or -18.33%, in 60 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (546.26) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 25, 2024.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.31% on Friday. It is 52.19% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.24
Williams' Percentage Range (W%R) 45.10
Lane's Stochastic (%D-Slow) 37.43
Greed/Fear Indicator (GFI) 45.19
Moving Average Converg./Diverg. (MACD) 7.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.83
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 88.77
Overbought
Greed/Fear Indicator (GFI) 78.63
Moving Average Converg./Diverg. (MACD) 30.65
Trading Signals
Description Value Chart
Monthly Trendline Resistance 565.94
Weekly Trendline Resistance 563.30
Parabolic System 554.87
Upper Bollinger Band 550.54
Weekly Stochastic Crossing 548.75
Weekly Trendline Support 546.26
20 Day Moving Average 541.79
Daily Stochastic Crossing 541.71
Price 539.60
Yearly Trendline Resistance 534.31
Quarterly Trendline Resistance 534.21
Monthly Trendline Support 532.63
Lower Bollinger Band 527.29
50 Day Moving Average 520.72
Quarterly Trendline Support 482.34
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 556.23
High Date 12/06/2024
Low 532.14
Low Date 12/09/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 563.30
Support 546.26
Low 470.06
Low Date 10/07/2024
High 556.23
High Date 12/06/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 565.94
Support 532.63
Low 364.17
Low Date 04/19/2024
High 556.23
High Date 12/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 534.21
Support 482.34
Low 254.85
Low Date 10/30/2023
High 556.23
High Date 12/06/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 534.31
Support 336.95
Low 180.07
Low Date 10/13/2022
High 556.23
High Date 12/06/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.