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Uptrend ExhaustionArchive - 12/13/2024 - Sign In to see current Signals. |
Intuitive Surgical Inc. (ISRG) Technical Analysis
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| Summary:
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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.
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