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Downtrend Broken Resist.Archive
- 4/19/2024 -
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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 -18.46 points, or -4.80%, and closed at 366.34 on Friday, April 19, 2024. Weekly volume was 31% above average.
 Long-term trend: [See ISRG long-term trend chart]
A long-term downtrend had started on September 8, 2021 at 1087.01 and reached 180.07 on October 13, 2022. ISRG lost 906.94 points, or 83.43%, in 57 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 277.97 and resistance is at 448.05. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See ISRG medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 180.07 and reached 403.76 on March 27, 2024. ISRG gained -223.69 points, or -124.22%, in 75 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 291.09 and resistance is at 452.40. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ISRG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See ISRG short-term trend chart]
A short-term downtrend had started on March 27, 2024 at 403.76 and reached 364.17 on April 19, 2024. ISRG lost 39.59 points, or 9.81%, in 23 days. The price is now at the 5.48% retracement level.
 Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (368.78) comes close to the price (366.34). It indicates that the trend is getting weaker. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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