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- 5/17/2024 -
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Intuitive Surgical Inc. (ISRG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth positive week after 3 consecutive negative weeks for the Intuitive Surgical Inc. (ISRG). During the week, the ISRG gained 12.12 points, or 3.13%, and closed at 398.82 on Friday, May 17, 2024. It was the best weekly gain since January 12, 2024. Weekly volume was -40% 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 281.93 and resistance is at 457.60. 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 403.76 on March 27, 2024. ISRG gained -223.69 points, or -124.22%, in 75 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 296.65 and resistance is at 462.33. 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. 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 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 downtrend had started on March 27, 2024 at 403.76 and reached 364.17 on April 19, 2024. ISRG lost 39.59 points, or 9.81%, in 23 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (337.90) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ISRG may retest the broken resistance line. It is considered to be a support 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See ISRG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily 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 daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 1, 2024.
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