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Intuitive Surgical, Inc. (ISRG)

ISRG stock forecast: buy or sell

Close on Oct 23rd, 2020
$735.48 +0.35%
3 months performance
8.20%
Published: October 23rd, 2020 - 5.06pm EDT

ISRG stock outlook

  • Intuitive Surgical closed today at $735.48 after scarcely changing a 0.35% breaking a streak of 3 sessions in negative.
  • From the chart point view, price is drawing an scaled downtrend since early September with lower tops and lower bottoms. this downtrend marked a -5.57% loss(from its highs at $778.83).
  • Intuitive Surgical made public its financial report on October 15
  • JPMorgan Chase & Co., Morgan Stanley, Piper Sandler and 3 others posted bullish ratings for Intuitive Surgical on October 16, with an average target of $767.50

Disclaimer:
The thoughts written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular scenarios of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are published for informational reasons only

ISRG stock charts

Should I buy Intuitive Surgical stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ISRG stock a buy?

In the current situation of Intuitive Surgical there is not any eligible buy setup. This doesn't mean $ISRG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Intuitive Surgical stock?

When you own stock shares with some profit, it's really hard to decide the good moment to sell and get your benefits. Trading strategies let us to avoid rash decisions based on our personal emotions or the noise that surrounds the market. When selling, as well as buying, our strategies are very easy to follow but are only valid for selling shares you already own, not for shorting $ISRG stock

A guiding principle is that you should not mantain an investment that yields greater losses than those expected by the time of the buy. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Intuitive Surgical stock?

In the current situation of Intuitive Surgical there is not any eligible sell setup, so Intuitive Surgical stock holders with operations in green can keep their positions

Analysts' recommendations to buy or sell Intuitive Surgical stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days, 9 analyst ratings were published for Intuitive Surgical. General sentiment is bullish, with 6 out of 9 publishing optimistic forecasts

Intuitive Surgical ratings

Brokerage firmRating
Sep 28th, 2020
Argus Strong buy
Oct 12th, 2020
Raymond James Buy
Oct 15th, 2020
BTIG Research Neutral
Oct 16th, 2020
JPMorgan Chase & Co. Buy
Oct 16th, 2020
Morgan Stanley Buy
Oct 16th, 2020
Piper Sandler Neutral
Oct 16th, 2020
Stifel Nicolaus Strong buy
Oct 16th, 2020
SVB Leerink
Oct 16th, 2020
Wells Fargo & Company Buy

Technical analysis

Intuitive Surgical accumulates a selloff of -5.57% since its latest top early September at $778.83. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 2 consecutive lower tops

SMAs overview

Moving averages are simple tools for traders to gauge direction. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

ISRG SMAs chart

Supports and resistances

Technical analysts use supports and resistances as a way to find price points in the stock price action that may act as obstacles, preventing the price of an asset to move in certain direction. Supports are levels where the price may stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it is likely to continue declining until finding another support level. On the contrary, a resistance level is where the price may find resistance as it moves up. Likewise, the price is more likely to "bounce off" at this level, and if it finally breaks this level, the price will rise more easily until it meets the next resistance

The current resistances are:

  • R1: $771.62 (4.91% above)
  • R2: $778.83 (5.89% above)
  • The current supports are:

  • S1: $704.00 (-4.28% below)
  • S2: $671.62 (-8.68% below)
  • S3: $633.29 (-13.89% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. The Bollinger Bands are lines that run around a moving average, ranging the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price surpassed the upper band on October 13, the price has been corrected downwards by 3.36%

    ISRG RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates between 0% and 100%. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by traders

    The RSI dropped below the overbought level of 70 in early September after just crossing to the overbough zone for just one day (weak signal). The RSI value today was 55.98. Since then, Intuitive Surgical stock sank a 3.87%

    ISRG RSI chart

    Earnings and financials

    Fiscal 3rd-quarter earnings event was hosted by Intuitive Surgical ($ISRG) on October 15 after presenting the financial report. ISRG beat analysts estimates and reported a per-share earnings of $2.77, that is a 33.82% improvement compared to the initial predictions of $2.07. On the other hand, reported sales were $1.1 billion compared to estimates of $971.0 million.

    In comparing, the EPS for the same quarter last year was $3.43, so reported EPS means a decrease of -19.24%. Looking at turnover, figures slightly moved compared to $1.1B same quarter a year ago.

    ISRG ($ISRG) will host the Q4 earnings call next January 2021.

    ISRG revenues and profits chart