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By Mill Chart

Last update: Mar 25, 2024

INTUITIVE SURGICAL INC (NASDAQ:ISRG) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NASDAQ:ISRG.

ISRG Daily chart on 2024-03-25

Insights from Technical Analysis

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall ISRG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ISRG has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that ISRG is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, ISRG also shows a nice and consistent pattern of rising prices.
  • ISRG is part of the Health Care Equipment & Supplies industry. There are 196 other stocks in this industry. ISRG outperforms 87% of them.
  • ISRG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
  • In the last month ISRG has a been trading in the 376.60 - 403.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

For an up to date full technical analysis you can check the technical report of ISRG

How do we evaluate the setup for NASDAQ:ISRG?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:ISRG has a 9 as its setup rating, indicating its current consolidation status.

ISRG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 397.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 390.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ISRG in the last couple of days, which is a good sign.

Trading breakout setups.

To potentially initiate a trade, it is common practice to wait for the stock to break out of the consolidation zone. This breakout signifies a potential upward movement, and traders may enter the stock at that point. Conversely, if the stock falls back below the consolidation zone, it may be sold at a loss.

Please note that this article should not be construed as trading advice. The information provided is solely based on automated technical analysis and serves to highlight technical observations. It is important to conduct your own analysis and make trading decisions based on your own judgment and responsibility.

More breakout setups can be found in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.



NASDAQ:ISRG (5/24/2024, 7:00:02 PM)

After market: 404.85 0 (0%)


+6.46 (+1.62%)


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