The Greedy Trader Weekly Analysis
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Monthly Pattern:Rectangle
Number of records: 1
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 :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second positive week after 4 consecutive negative weeks for the Intuitive Surgical Inc. (ISRG). During the week, the ISRG gained 16.34 points, or 3.17%, and closed at 532.56 on Friday, November 09, 2018. ISRG was trading at average weekly trading volume.

ISRG is a member of Healthcare Sector. Healthcare is the most overbought 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 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ISRG medium-term trend chart]
A medium-term downtrend had started on October 1, 2018 at 581.12 and reached 467.07 on October 29, 2018. ISRG lost 114.05 points, or 19.63%, in 4 weeks. The price is now at the 57.42% retracement level.

Weekly Technical Indicators: [See ISRG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 29, 2018 at 467.07 and reached 546.06 on November 7, 2018. ISRG gained -78.99 points, or -16.91%, in 9 days. The price is now at the 17.09% retracement level.

Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 and Williams' Percentage Range help.

The daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.54
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 84.72
Overbought
Greed/Fear Indicator (GFI) 74.89
Moving Average Converg./Diverg. (MACD) -6.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.96
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 30.26
Greed/Fear Indicator (GFI) 46.80
Moving Average Converg./Diverg. (MACD) 12.93
Trading Signals
Description Value Chart
Upper Bollinger Band 561.57
Daily Stochastic Crossing 541.58
50 Day Moving Average 537.12
Price 532.56
20 Day Moving Average 514.15
Weekly Stochastic Crossing 504.67
Parabolic System 492.35
Lower Bollinger Band 481.19
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Appliances/Equip. 125
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 502.88
Low Date 11/05/2018
High 546.06
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 467.07
Low Date 10/29/2018
High 546.06
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 581.12
High Date 10/01/2018
Low 467.07
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 350.00
Low Date 10/19/2017
High 581.12
High Date 10/01/2018
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
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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