Buy signal in week 7 · US stocks
Intuitive Surgical drops 3.3% as a fresh 30-day high fails to hold on the weekly close
Our view last week
Money flow on Intuitive Surgical turns positive after 36 weeks below zero, and the week closes up 3%, its third straight gain, with over 90% of the last session's volume on the buy side. Intuitive Surgical stock has cleared the 395 area that capped it a week ago, but stalls below the 7-day high, in the 406 area: the breakout has yet to come. Technical analysis and price action of a buy signal in its 6th week, among this week's US stocks.
This week's summary
The breakout awaited a week ago came only halfway: Intuitive Surgical printed a fresh 30-day high in the 417 area, failed to confirm it on the close and finished down 3.3%, snapping a run of 3 straight gains. Intuitive Surgical stock is still below its 200-week average, while money flow stays positive for the 2nd week and volumes contract. Technical analysis of one of the weekly buy signals among US stocks, with earnings due on October 20.
IQS Phase
39
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#72 / 93
US stocks in progress
Trade P&L %
-0.65%
from signal to date, no stop loss
Intuitive Surgical (ISRG) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 72nd among the 93 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorHealth Care
Benchmark ETFXLV
Sector regimein positive regime
Performanceweekly -2.65% · monthly -3.91%
ISRG belongs to the health care sector (reference ETF XLV). The sector is classified in positive regime according to our weekly reading.
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