The Greedy Trader Weekly Analysis
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Intuitive Surgical Inc.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtStochastic has declined below the signal lineTrend resistance at 551.61
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe 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 -25.29 points, or -4.41%, and closed at 548.71 on Friday, October 05, 2018. Weekly volume was -7% below average.

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 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 trend support level is at 482.52 and resistance is at 1189.91. 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 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 581.12 on October 1, 2018. ISRG gained -231.12 points, or -66.03%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (551.61). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ISRG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 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 uptrend had started on June 25, 2018 at 467.98 and reached 581.12 on October 1, 2018. ISRG gained -113.14 points, or -24.18%, in 98 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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 7.06% on Friday. It is 79.15% 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) 43.54
Williams' Percentage Range (W%R) 64.30
Lane's Stochastic (%D-Slow) 41.02
Greed/Fear Indicator (GFI) 40.08
Moving Average Converg./Diverg. (MACD) 7.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.02
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 83.45
Overbought
Greed/Fear Indicator (GFI) 72.19
Moving Average Converg./Diverg. (MACD) 13.49
Trading Signals
Description Value Chart
Parabolic System 580.05
Upper Bollinger Band 578.46
Weekly Stochastic Crossing 570.64
20 Day Moving Average 561.52
Daily Stochastic Crossing 553.33
Monthly Trendline Resistance 551.61
Price 548.71
50 Day Moving Average 542.89
Lower Bollinger Band 539.74
Yearly Trendline Support 482.52
Monthly Trendline Support 444.73
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Appliances/Equip. 86
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 467.98
Low Date 06/25/2018
High 581.12
High Date 10/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 380.00
Low Date 02/09/2018
High 581.12
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 551.61
Support 444.73
Low 350.00
Low Date 10/19/2017
High 581.12
High Date 10/01/2018
Quarterly Trend
Yearly Trend
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
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 1189.91
Support 482.52
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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