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Monthly Pattern:Rectangle
Number of records: 2
Symbol:  

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Rectangle Chart Pattern - Rectangle Pattern and Chart analysis
A rectangle chart pattern is characterized as a short-term horizontal channel, and it represents a trading range and indecision area that usually resolves in the direction of the main trend. Chart analysis usually considers the rectangle pattern as a continuation formation, but it can also mark significant top and bottom. The rectangle pattern within a younger parent trend has more chances to mark a continuation. To estimate the maturity of the parent trend, consult technical indicators. Volume should increase during breakout, but in contrast with other continuation patterns, the rectangle does not inherit standard volume behavior. After breakout, the rectangle pattern resistance may turn into potential support and vice versa.
Tips:
# 1 As a continuation pattern, the rectangle pattern usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold daily indicators. The pattern resets short-term indicators to neutral and then continues movement in the parent's direction.
# 2 As a reversal formation, the pattern appears in a mature trend characterized by overbought/oversold indicators on long and short time frames. This situation usually generates divergence on weekly indicators.
# 3 For the best results, the rectangle chart pattern should be considered together with other technical analysis signals, chart analysis, and technical trading techniques.
Estimated target: the higher level parent's support/resistance line.
Rectangle, chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Intuitive Surgical Inc.
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Summary:
Weekly :Broken trend support lineBroken trend support lineOversold sectorRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :Relative Strength Index, Lane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Intuitive Surgical Inc. (ISRG). During the week, the ISRG gave back -1.49 points, or -0.37%, and closed at 396.66 on Friday, December 01, 2017. It was the worst weekly loss since October 6, 2017. Weekly volume was 187% above average.

ISRG is a member of Healthcare Sector. Healthcare is the 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 February 28, 2003 at 7.34 and reached 1094.55 on October 5, 2017. ISRG gained -1087.21 points, or -14812.13%, in 761 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (456.92) 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 long-term trend.

Medium-term trend: [See ISRG medium-term trend chart]
A medium-term downtrend had started on October 5, 2017 at 1094.55 and reached 350.00 on October 19, 2017. ISRG lost 744.55 points, or 68.02%, in 2 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (403.02) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See ISRG weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 29, 2017. This is an indication that the medium-term trend is down. 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 19, 2017 at 350.00 and reached 405.05 on November 27, 2017. ISRG gained -55.05 points, or -15.73%, in 39 days. The chart has formed a Descending Triangle chart pattern. The trend support level is at 411.99 and resistance is at 392.63. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a short-term trend.

Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since October 25, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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 has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 5.09% on Friday. It is 83.42% 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) 58.56
Bearish
Williams' Percentage Range (W%R) 25.90
Lane's Stochastic (%D-Slow) 63.68
Bearish
Greed/Fear Indicator (GFI) 65.45
Moving Average Converg./Diverg. (MACD) -35.50 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.00
Oversold
Williams' Percentage Range (W%R) 93.50
Strong Oversold
Lane's Stochastic (%D-Slow) 5.40
Strong Oversold
Greed/Fear Indicator (GFI) 9.72
Strong Oversold
Moving Average Converg./Diverg. (MACD) -70.76
Trading Signals
Description Value Chart
50 Day Moving Average 513.22
Yearly Trendline Support 456.92
Upper Bollinger Band 416.87
Monthly Trendline Resistance 412.41
Weekly Trendline Support 411.99
Parabolic System 404.49
Monthly Trendline Support 403.02
Daily Stochastic Crossing 397.74
Lower Bollinger Band 396.68
Price 396.66
20 Day Moving Average 393.68
Weekly Trendline Resistance 392.63
Weekly Stochastic Crossing 353.23
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Medical Appliances/Equip. 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 387.00
Low Date 11/15/2017
High 405.05
High Date 11/27/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 392.63
Support 411.99
Low 350.00
Low Date 10/19/2017
High 405.05
High Date 11/27/2017
Description Value
Direction Down
Chart Pattern Rectangle
Status Broken Support
Resistance 412.41
Support 403.02
High 1094.55
High Date 10/05/2017
Low 350.00
Low Date 10/19/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 346.46
Low Date 05/09/2014
High 1094.55
High Date 10/05/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 859.62
Support 456.92
Low 7.34
Low Date 02/28/2003
High 1094.55
High Date 10/05/2017
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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