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- 1/15/2021 -
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Intuitive Surgical Inc. (ISRG)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :The price has fallen below the Parabolic SARThe price has declined below 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 -40.33 points, or -4.93%, and closed at 778.42 on Friday, January 15, 2021. It was the worst weekly loss since October 30, 2020. Weekly volume was -7% below average.

Long-term trend: [See ISRG long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 360.50 and reached 826.81 on December 23, 2020. ISRG gained -466.31 points, or -129.35%, in 39 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 726.48 and resistance is at 829.37. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See ISRG medium-term trend chart]
A medium-term uptrend had started on September 21, 2020 at 633.29 and reached 826.81 on December 23, 2020. ISRG gained -193.52 points, or -30.56%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 688.71 and resistance is at 844.81. 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 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 December 11, 2020. 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 downtrend had started on December 23, 2020 at 826.81 and reached 777.00 on January 15, 2021. ISRG lost 49.81 points, or 6.02%, in 23 days. Price is near the trend low.

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

The daily MACD line is below its signal line since January 5, 2021. This is an indication that the short-term trend is down.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 6.36% on Friday. It is 60.68% 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) 41.21
Williams' Percentage Range (W%R) 44.90
Lane's Stochastic (%D-Slow) 33.51
Greed/Fear Indicator (GFI) 43.27
Moving Average Converg./Diverg. (MACD) 12.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.29
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 85.28
Overbought
Greed/Fear Indicator (GFI) 75.01
Moving Average Converg./Diverg. (MACD) 41.83
Trading Signals
Description Value Chart
Monthly Trendline Resistance 844.81
Quarterly Trendline Resistance 829.37
Parabolic System 824.82
Upper Bollinger Band 819.29
Weekly Stochastic Crossing 811.81
20 Day Moving Average 802.83
Daily Stochastic Crossing 788.95
Price 778.42
Lower Bollinger Band 769.77
50 Day Moving Average 768.78
Quarterly Trendline Support 726.48
Monthly Trendline Support 688.71
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 58
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 815.77
High Date 01/14/2021
Low 777.00
Low Date 01/15/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 826.81
High Date 12/23/2020
Low 777.00
Low Date 01/15/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 844.81
Support 688.71
Low 633.29
Low Date 09/21/2020
High 826.81
High Date 12/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 829.37
Support 726.48
Low 360.50
Low Date 03/23/2020
High 826.81
High Date 12/23/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 350.00
Low Date 10/19/2017
High 826.81
High Date 12/23/2020
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.

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