Stocks

Intuitive Surgical may rise to 518.00 - 528.00

2024-10-16

Our pivot point stands at 471.

Our preference

As long as 471 is support look for 518.

Alternative scenario

The downside breakout of 471 would call for 455 and 445.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 484.3923 and 480.2348).

Supports and resistances

537 **

528 *

518 **

508

487.61 (USD-last)

478

471 **

455 *

445 **

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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