The Greedy Trader Weekly Analysis
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Monthly Pattern:Rectangle
Number of records: 2
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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 :Williams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami Candlestick
Move cursor over the icon to see details.

It was the negative week for the Intuitive Surgical Inc. (ISRG). During the week, the ISRG dropped -24.05 points, or -5.77%, and closed at 392.91 on Friday, February 09, 2018. It was the worst weekly loss since October 6, 2017. Weekly volume was 144% above average.

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 (462.60) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ISRG may retest the broken support line. It is considered to be a resistance line now. 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 uptrend had started on October 19, 2017 at 350.00 and reached 452.00 on January 25, 2018. ISRG gained -102.00 points, or -29.14%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 369.25 and resistance is at 464.91. 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 is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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.

The weekly MACD line is above its signal line since January 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 January 25, 2018 at 452.00 and reached 380.00 on February 9, 2018. ISRG lost 72.00 points, or 15.93%, in 15 days. The price is now at the 17.93% retracement level.

Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since January 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See ISRG candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.63
Williams' Percentage Range (W%R) 90.40
Strong Oversold
Lane's Stochastic (%D-Slow) 16.18
Oversold
Greed/Fear Indicator (GFI) 19.81
Oversold
Moving Average Converg./Diverg. (MACD) 4.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.50
Williams' Percentage Range (W%R) 95.00
Strong Oversold
Lane's Stochastic (%D-Slow) 75.69
Greed/Fear Indicator (GFI) 43.59
Moving Average Converg./Diverg. (MACD) -113.14
Trading Signals
Description Value Chart
Weekly Trendline Resistance 464.91
Yearly Trendline Support 462.60
Upper Bollinger Band 446.25
Weekly Stochastic Crossing 429.32
20 Day Moving Average 422.85
Parabolic System 413.82
50 Day Moving Average 396.47
Price 392.91
Daily Stochastic Crossing 391.39
Lower Bollinger Band 376.07
Weekly Trendline Support 369.25
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Medical Appliances/Equip. 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 452.00
High Date 01/25/2018
Low 380.00
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 464.91
Support 369.25
Low 350.00
Low Date 10/19/2017
High 452.00
High Date 01/25/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 869.50
Support 462.60
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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