Stocks

Intuitive Surgical may rise to 428.00 - 437.00

2024-05-17

Our pivot point stands at 385.

Our preference

The upside prevails as long as 385 is support.

Alternative scenario

The downside breakout of 385 would call for 370 and 361.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 379.8195 and 384.6992).

Supports and resistances

446 **

437 *

428 **

419

396.43 (USD-last)

390

385 **

370 *

361 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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