$ISRG interesting uptrend.. how many more highs?NASDAQ:ISRG uptrend here? Closes on the candles above my short term support. There’s some good amount of OI on $610c for this week 2/21. Worth a watch..
WSL
ISRG
ISRG - Coming down to earth after ATH's!NASDAQ:ISRG
They destroyed earnings, but...
Previous resistance needs to flip! 🥞
Dip Buy Box: $548-$556
Would be a gift based on report 🎁
Not financial advice
ISRG Down 2% in Premarket Trading Despite Beating ExpectationsIntuitive Surgical, Inc. (ISRG) experienced a 2% dip in premarket trading on Friday despite reporting robust fourth-quarter earnings that exceeded analysts’ expectations. The medical device company, known for its revolutionary da Vinci surgical robots, continues to showcase its dominance in the minimally invasive surgery market. Here’s a detailed look at the company’s performance, supported by fundamental and technical insights.
Strong Financial Performance
Intuitive Surgical reported a 25% year-over-year increase in fourth-quarter revenue, reaching $2.41 billion. This figure surpassed the consensus estimate compiled by Visible Alpha, reinforcing the company’s strong growth trajectory. Earnings rose to $686 million, or $1.88 per share, up from $606 million, or $1.69 per share, a year ago. These figures also beat analysts’ expectations, demonstrating the company’s profitability.
Operational Highlights
Procedure Growth: The number of procedures performed using da Vinci surgical devices increased by 18% year-over-year, signaling strong demand for Intuitive Surgical’s minimally invasive technology.
System Installations: The company installed 493 da Vinci systems during the quarter, compared to 415 systems a year earlier. This growth highlights the increasing adoption of its surgical solutions.
Future Outlook
Intuitive Surgical expects da Vinci procedures to grow by 13% to 16% in 2025. However, the company anticipates a 1 to 2 percentage point decline in its adjusted gross profit margin due to potential new tariffs, which could materially impact its financials.
Technical Analysis
Despite the strong earnings report, NASDAQ:ISRG shares fell by 2% in premarket trading. The stock’s overbought condition, indicated by an RSI of 75 as of Thursday’s close, suggests a potential for short-term correction.
- Gap Down Pattern: Historically, gap-down patterns in NASDAQ:ISRG stock have been filled, hinting at a possible rebound in the coming sessions. This historical behavior aligns with the broader market’s tendency to correct temporary gaps.
Key Support and Resistance Levels
- Support: Immediate support lies at the 38.2% Fibonacci retracement level, which could act as a cushion in case of further price correction.
- Resistance: The pivot point is situated above the 1-month high, presenting a significant barrier for upward momentum.
Moving Averages
The stock is trading above its 50-day, 100-day, and 200-day moving averages, underscoring its bullish trend in the medium to long term. This alignment of key moving averages strengthens the case for continued upside potential.
Market Context
- All-Time High: NASDAQ:ISRG shares closed at an all-time high on Thursday, marking a 62% gain over the past year. This performance underscores investor confidence in the company’s long-term prospects.
- Sector Strength: The growing adoption of robotic surgical systems positions Intuitive Surgical as a leader in the medical device industry, benefiting from the broader trend toward minimally invasive procedures.
Conclusion
Intuitive Surgical’s robust financial results and operational milestones underscore its leadership in the surgical robotics market. While the current dip in premarket trading reflects short-term market dynamics, the stock’s strong technical indicators and historical performance suggest a potential rebound.
Investors should monitor key support and resistance levels, along with updates on tariff developments, to assess the stock’s trajectory. With a bullish continuation pattern likely in play, NASDAQ:ISRG remains a compelling option for long-term growth-oriented investors.
ISRG Intuitive Surgical Options Ahead of EarningsIf you haven`t bought ISRG before the rally:
Now analyzing the options chain and the chart patterns of ISRG Intuitive Surgical prior to the earnings report this week,
I would consider purchasing the 595usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $19.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Intuitive Surgical is Set to Release its Quarterly 2024 ResultsIntuitive Surgical is set to release its Quarterly 2024 results, highlighting its significant impact on the healthcare industry. The company's innovative robotic systems have transformed surgery, leading to a remarkable 22,000% increase in stock price over its lifetime.
Now an industry giant with a market capitalization of $161 billion, questions about Intuitive Surgical's long-term growth and stock investment potential abound.
Intuitive Surgical, founded in the mid-1990s, provides robotic systems that enhance minimally invasive surgeries, helping surgeons reduce errors, improve mobility, and achieve better patient outcomes with smaller incisions. Over 60,000 surgeons have trained on its da Vinci system, and as of Q2 2024, the company has over 9,800 installed systems, with a 14% year-over-year growth in installations.
Investors value two main aspects of Intuitive Surgical's business: the reliance on system maintenance, which has increased recurring revenue from 71% in 2016 to 83% last year, making cash flow more predictable, and substantial growth potential outside the U.S., with only 3,818 of an estimated 165,000 global hospital sites currently using their systems.
However, the stock's substantial rise poses concerns about whether this growth is already accounted for in its valuation. Over the past decade, Intuitive Surgical shares ( NASDAQ:ISRG ) have appreciated nearly 800%, resulting in heightened market expectations that may lead to a difficult reset if future results fall short.
Analysts anticipate average earnings growth of 17% annually over the next three to five years, which may not be sufficient to justify the stock’s forward price-to-earnings (P/E) ratio of 69. With a PEG ratio nearly at 4, this suggests that the stock is overvalued relative to its expected growth.
Despite its recent upward trend since November 2023, indicated by a balanced Relative Strength Index (RSI) of 53, the stock is presently deemed too expensive for investors seeking strong returns. Therefore, while Intuitive Surgical ( NASDAQ:ISRG ) shows promising long-term growth potential, it may be wise to consider it as a target for investment when shares drop below current levels.
Intuitive Surgical (ISRG) Analysis Market Leadership:
Intuitive Surgical NASDAQ:ISRG , the leader in robotic-assisted surgery with its da Vinci system, is poised for substantial growth. The increasing adoption of robotic surgeries, currently under 5% of potential procedures, presents a significant opportunity. Additionally, the aging global population boosts demand for minimally invasive surgeries, favoring Intuitive Surgical's market position.
Analyst Projections:
Analysts project a median upside of 13% to 25% over the next year. For investors seeking steady returns and a strong healthcare business with a solid competitive moat, ISRG is an excellent choice.
Investment Outlook:
Bullish Outlook: We are bullish on ISRG above the $350.00-$355.00 range.
Upside Potential: With a target set at $540.00-$550.00, key growth drivers include the ongoing adoption of robotic surgeries and favorable demographic trends.
📊🤖 Monitor Intuitive Surgical for promising investment opportunities! #ISRG #RoboticSurgery 📈💼
ISRG Intuitive Surgical Options Ahead of EarningsIf you haven`t bought the dip on ISRG:
Then analyzing the options chain and the chart patterns of ISRG Intuitive Surgical prior to the earnings report this week,
I would consider purchasing the 375usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $11.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Intuitive Surgical ($ISRG) Set to Release its Financial ResultsThis week, Intuitive Surgical (NASDAQ: NASDAQ:ISRG ) is set to release its financial results, and its stock price is expected to be in the spotlight. The robotics industry giant's product, da Vinci, is utilized by numerous doctors for performing minimally invasive surgeries. Intuitive Surgical's performance has been noteworthy in recent years, with a surge in demand for its product. Consequently, its total revenue increased from $4.47 billion in 2019 to over $7.1 billion in 2023.
In the fourth quarter of the previous year, the company reported a 17% increase in revenue to $1.66 billion, with a 22% rise in its instruments and accessories business generating $1.14 billion in revenue. Additionally, the company's revenue from its systems rose to $480 million, with 415 da Vinci surgical systems sold in comparison to 369 in the same period in 2023.
This week's earnings report is expected to have a significant impact on the ISRG stock price. Analysts predict that the company's revenue for Q1 will improve from $1.65 billion last year to $1.81 billion. The company's growth is expected to continue, with investors anticipating revenue of $1.98 billion in Q2. The average estimate for the year is that its revenue will reach $8 billion, followed by $9.24 billion in 2026.
Intuitive Surgical's ( NASDAQ:ISRG ) strong device sales and recurring revenue, combined with its robust balance sheet, have led analysts to be bullish on the company's prospects. The company has a cash and equivalents balance of more than $7.34 billion and minimal debt. In the last quarter, it generated over $92.6 million in interest income.
Recently, Stifel, Citigroup, Mizuho, and Barclays have upgraded the stock, with an average target of $414.80, higher than the current $378.55. The NASDAQ:ISRG shares peaked at $403.97 in March, a 123% increase from its lowest point in 2022. However, the stock has pulled back as some investors took profits while awaiting the financial results.
Intuitive Surgical's stock has retested the crucial support level at $370, which was its highest swing in December last year. Typically, a break and retest pattern is a bullish sign in the market. The only potential risk is that it has formed a double-top pattern near $403. The key support and resistance levels to watch are $360 (July 23rd high) and $403, respectively.
In conclusion, Intuitive Surgical's financial results this week are anticipated to be a significant factor in determining the company's future stock performance. The company's strong balance sheet, recurring revenue, and robust device sales are among the factors that have led industry analysts to be optimistic about the company's prospects.
IRTC Med Tech Device Manufacturer at Fair Value LONGIRTC on the weekly chart shows a symmetrical triangle with compression of price into the
apex confluent with the 5 year anchored mean VWAP. I am very familiar with the product line
including often lifesaving technology such as AEDs. The company has had weak earnings reports
but price has managed to so from undervalued to fair value. I will add to my position here with
20% more. Targets of 140 and 205 are tool drawn onto the chart from pivots of the past.
Medical technology is reportedly a hot sector for 2024.
ISRG - Cup & Handle to Long ?ISRG to Long ? Cup & Handle pattern + Above the average line 150 + Retest to support/Breakout line + RSI indicator around the middle.
Only an idea and not a recommendation for trading!
ISRG - Intuitive Surgical Inc - Buy ZoneAccording to the market behaviour, ISRG has been rising sharply on the one hour, five hours, daily, and weekly charts. Technical analysis indicates that the next target will $327, and if it crosses that level and closes above successfully, the next target for the market will be $340 & 354.
Italian Translation:
Secondo il comportamento del mercato, l'ISRG è in forte aumento sui grafici di un'ora, cinque ore, giornalieri e settimanali. L'analisi tecnica indica che il prossimo obiettivo sarà 327 dollari e, se supera quel livello e chiude con successo al di sopra, il prossimo obiettivo per il mercato sarà 340 e 354 dollari.
German Translation:
Dem Marktverhalten zufolge ist ISRG auf den Ein-Stunden-, Fünf-Stunden-, Tages- und Wochen-Charts stark gestiegen. Die technische Analyse zeigt, dass das nächste Ziel bei 327 US-Dollar liegt. Wenn es dieses Niveau überschreitet und erfolgreich darüber schließt, wird das nächste Ziel für den Markt bei 340 und 354 US-Dollar liegen.
ISRG Intuitive Surgical Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ISRG Intuitive Surgical prior to the earnings report this week,
I would consider purchasing the 285usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $5.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$ISRG buy or sell?Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery.
After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum.
This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG.
Even if breaks above $309 before correcting I wouldn't buy it as I don't expect it would have a good follow through.
I'll keep this stock in the watchlist and wait for a proper breakout.
5-0 on Intuitive Surgical. ISRGHarmonic bullish 5-0 tentatively forming on ISRG. This is a pivot pattern that should bring kush, unless invalidated. And if it doesn't, you may even see a triple bottom in there if you try hard enough. We shall see how the events will unfold.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
ISRG - MyMI Option PlaysSaw some worse-than-expected Quarterly Results and we were already looking at some Potential PUTs on the stock.
We're looking at a potential $225 Price Target which we actually saw those price levels into today's premarket. We expect to see even lower price levels than $219 on a Double Oversold Bounce to the downside on the lower timeframes just due to the momentum to the downside. Could see some potential 100% gains intraday even, so will buy a few and then sell one to take the initial investment back and look at holding shares on the turnaround at the bottom.
Will add lower time frame charts in comments on the trade!
Thanks for tuning in!
MyMI Wallet
How To Trade The W - V Pattern - ISRG SetupHello Traders,
Here is an educational post about the W-V pattern.
As of right now the W-V pattern is not fully formed and we are waiting for price to retrace to the neckline at $244 before we enter.
The price target is technical resistance at $309, however you could exit half at the double top resistance near $275, then using a trailing stop the rest of the way up.
Note: There is a high probability that price could trade down to $236 first to fill the gap and tag the 200 MA before reversing and trading to the upside. This is perfectly fine as far as long as the $236 level remains intact and price does not trade below it.
Thanks everyone and best of luck!
Intuitive Surgical Impulsing. ISRGWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Intuitively dropping ISRG.Goals 254, 223. Invalidation 307.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
ISRG ascending triangleForming an Ascending triangle. I like how 50DMA and top of ascending triangle coinciding at the same place. These type of setups tend to be really powerful when they break. Jul 22 220C can work on breakout.
ISRG - Dominant Up TrendISRG has returned its price back to the dominant trend line that can be drawn
This line in the past has been seen as a strong bull pivot point
With consistent bull rejections
Good buy along trend line on this daily timeframe
ISRGChart explains itself. Stay long above support.. begin to break through cloud support and short this mofo
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