The Greedy Trader Weekly Analysis
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Weekly D%-Slow:< 10
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 6/7/2024 -
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Intuitive Surgical Inc. (ISRG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
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It was a first positive week for the Intuitive Surgical Inc. (ISRG). During the week, the ISRG gained 15.49 points, or 3.85%, and closed at 417.61 on Friday, June 7, 2024. It was the best weekly gain since January 12, 2024. Weekly volume was -16% below average.

Long-term trend: [See ISRG long-term trend chart]
A long-term downtrend had started on September 8, 2021 at 1087.01 and reached 180.07 on October 13, 2022. ISRG lost 906.94 points, or 83.43%, in 57 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 284.69 and resistance is at 464.29. 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 13, 2022 at 180.07 and reached 420.57 on June 7, 2024. ISRG gained -240.50 points, or -133.56%, in 86 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 300.54 and resistance is at 469.28. 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 overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 below its signal line since April 12, 2024. The distance between MACD and the signal line is low and getting smaller. 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 April 19, 2024 at 364.17 and reached 420.57 on June 7, 2024. ISRG gained -56.40 points, or -15.49%, in 49 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (395.63) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.98
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 78.39
Greed/Fear Indicator (GFI) 81.47
Overbought
Moving Average Converg./Diverg. (MACD) 6.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.19
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 75.07
Bearish
Greed/Fear Indicator (GFI) 76.25
Moving Average Converg./Diverg. (MACD) 18.50
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 469.28
Yearly Trendline Resistance 464.29
Upper Bollinger Band 420.83
Price 417.61
Daily Stochastic Crossing 417.16
Weekly Trendline Resistance 415.61
Weekly Stochastic Crossing 410.11
Parabolic System 401.66
20 Day Moving Average 401.05
Weekly Trendline Support 395.63
50 Day Moving Average 388.86
Lower Bollinger Band 382.56
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Equipment 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 419.17
Low Date 06/06/2024
High 420.57
High Date 06/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 415.61
Support 395.63
Low 364.17
Low Date 04/19/2024
High 420.57
High Date 06/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 254.85
Low Date 10/30/2023
High 420.57
High Date 06/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 469.28
Support 300.54
Low 180.07
Low Date 10/13/2022
High 420.57
High Date 06/07/2024
Description Value
Direction Down
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 464.29
Support 284.69
High 1087.01
High Date 09/08/2021
Low 180.07
Low Date 10/13/2022
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.