TECHNICAL TRADING SCORECARD
ISRG
Intuitive Surgical, Inc. · held position
Last Price $440.75
Unrealized G/L -0.2% (−$60)
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
Portfolio weight 1.03% (US)
HOLDKeep the full position: trend Up, Friday close above the 40-wk SMA ($428.10). Profit-Taking is reference only.
Trend health
Trend Score (8–16 wk)
● Up
Score 70/100. Leads S&P and sector; above falling 40-wk.
Opportunity cost (relative strength, weekly)
Leading the S&P 500 for 7 weeks (+18.2% relative)
Leading health care (XLV) for 6 weeks (+0.0% relative)
Key levels for holders
Breakout Level
confirms hold | Friday close above $449.77 | +2.0% | top of R1 (wk high 07-10, wk low 04-10) |
Profit-Taking Zone (ref.)
reference · rebalance if overweight | $458.00–470.06 | +3.9% to +6.7% | wk low 03-13, wk high ’25-10-10, wk low ’25-08-22 |
Trade Breakdown
review thesis, no trade | Friday close below $428.10 | -2.9% | 40-wk SMA 428.10 |
Trend Breakdown (ref.)
reference · no verdict impact | Friday close below $405.34 | -8.0% | trend stop; next support $389.11–398.99 |
If broken, then…
Trade Breakdown (40-wk SMA; Friday close < $428.10): review the thesis (earnings, estimates, guidance). No trade yet.
Trend Breakdown (reference only) (Friday close < $405.34): no verdict impact; reassess if the story has also weakened. Next support $389.11–398.99.
Sluymer's view: No direct call. Not named in the 15 reports reviewed (Aug 18 – Oct 13, 2026).
Watch this week: Fri Nov 6: a Friday close ≥ $388.33 (-11.9%) keeps RS vs the S&P at Est. Up or better; a Friday close below the 40-wk SMA $428.10 is the Trade Breakdown.
APPENDIX · ISRG · TECHNICAL TRADING SCORECARDHeld-card Trade Breakdown level = 40-wk SMA 428.10.
For adding / new entries (not used for held-position decisions)
| Level | Price | From close | Note |
|---|
| Buy zone | $425.00–434.80 | -1.3% to -3.6% | wk low ’25-09-05, 200-day SMA, wk high 06-12 |
| Trading stop · daily close | below $425.00 | -3.6% | trading downgrade one state; re-anchor to S2 405.34–417.74 |
| Breakout Buy Level | close above $449.77 | +2.0% | top of R1 (wk high 07-10, wk low 04-10) |
| Trading (10–20 day) state | Neutral: Above 50-day; daily RS vs S&P Est. Up. |
Scores · Trend 69.5
| RS vs S&P (20) + sector (10) | 20.0 + 5.7 = 25.7 / 30 |
| Structure (6 checks) | 16 / 30 |
| Score = (RS + structure) × 100/60 | 69.5 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Up |
| Confirmation (2 consecutive Fridays) | confirmed Up |
| Trend (confirmed) | Up |
✔ Fri close above 40-wk SMA 6/6 · ✖ 40-wk SMA rising (4 wks) 0/4 · ✖ No lower high vs cycle high 0/5 · ✔ Fri close above 20-wk SMA 5/5 · ✔ Fri close above 200-wk (4-yr) SMA 5/5 · ✖ 4-mo SMA > 13-mo SMA (completed months, to Sep) 0/5
Weekly raw states: 09-25 Neutral → 10-02 Down → 10-09 Neutral → 10-16 Up → 10-23 Up → 10-30 Up. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 59.0
| RS (S&P 20 + sector 10) | 20.0 + 0.0 / 30 |
| Structure | 17 / 25 |
| Coppock (daily) — positive but decelerating | 12.5 / 25 |
| Band position | 9.5 / 20 |
| Raw | 59.0 (Neutral) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 59.0 Neutral |
| ✔ Close above 50-day SMA 5/5 · ✔ 50-day SMA rising (10 d) 3/3 · ✔ Close above 100-day SMA 4/4 · ✔ Close above 200-day SMA 5/5 · ✖ 200-day SMA rising (20 d) 0/3 · ✖ No daily lower high (last two swing highs) 0/5 |
Relative state (weekly RS vs 16-wk SMA + 2-wk slope; daily RS vs 15-d SMA + 3-d slope; Neutral ±0.25%; phase price = next Fri / next close, benchmark flat)
| Horizon · benchmark | State | RS vs SMA | RS chg | Phase-transition price (ISRG close needed) |
|---|
| Trend · S&P | 1 Established Up (+) → | +12.20% | +2.30% | Est. Up ≥ 388.33 (-11.9%) · Est. Down < 326.11 |
| Trend · XLV | 2 Early Up (−) → | +2.21% | -3.22% | Est. Up ≥ 431.96 (-2.0%) · Early Up ≥ 425.54 · Est. Down < 423.27 |
| Trading · S&P | 1 Established Up (+) → | +2.02% | +0.18% | Est. Up ≥ 434.60 (-1.4%) · Est. Down < 356.72 |
| Trading · XLV | 5 Established Down (−) ↓ | -1.64% | -1.77% | Est. Up ≥ 483.63 (+9.7%) · Early Up ≥ 449.57 · Est. Down < 447.17 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 440.75)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 472.69–474.37 | +7.2% to +7.6% | wk high ’25-09-12 472.69 · wk low ’25-03-14 474.37 |
| R2 | 458.00–470.06 | +3.9% to +6.7% | wk low 03-13 458.00 · wk high ’25-10-10 460.30 · wk low ’25-08-22 461.25 · wk low ’25-04-25 463.05 · wk low ’25-08-08 463.90 · wk low 02-06 465.69 · wk low 2024-10-11 470.06 |
| R1 | 443.84–449.77 | +0.7% to +2.0% | wk high 07-10 443.84 · wk low 04-10 447.78 · wk high 05-22 449.77 |
| S1 | 425.00–434.80 | -1.3% to -3.6% | wk low ’25-09-05 434.80 · 200-day SMA 432.07 · wk high 06-12 430.85 · wk low ’25-09-19 429.72 · 40-wk SMA 428.10 · wk low ’25-10-17 427.84 · wk low ’25-04-11 425.00 |
| S2 | 405.34–417.74 | -5.2% to -8.0% | wk low 05-15 417.74 · wk high 08-21 405.34 |
| S3 | 389.11–398.99 | -9.5% to -11.7% | wk low 10-23 398.99 · wk low 07-03 397.52 · wk low 06-05 396.68 · wk low 10-09 389.11 |
| ATH | 616.00 | +39.8% | all-time high; Profit-Taking fallback when no 2-tool band sits above the Breakout (extensions no longer used) |
Coppock, breadth and RS (reference only; not in the Trend score)
Stops & phase transitions
- Tier 1 (trading stop): daily close < 425.00 (-3.6%): trading downgrades one state, re-anchor to S2 405.34–417.74.
- Trend Breakdown (reference, S2 floor): Friday close < 405.34 (-8.0%): information only, no verdict impact. Next support S3 389.11–398.99.
- Trend vs S&P: Est. Up ≥ 388.33 (-11.9%) · above its 16-wk avg ≥ 388.33 · Est. Down < 326.11 (-26.0%) (next Friday, benchmark flat).
- Trading vs S&P: Est. Up ≥ 434.60 · Est. Down < 356.72.
Sluymer context
- CB Oct 13: semis pulling back but “premature to conclude… the beginning of a bear market”; the Weekly Quadrant Balance “is moving toward oversold levels with early signs of bottoming”.
- CB Oct 13: rising rates remain “the second obvious risk”; key S&P support 7508, resistance 7817 then 8053; US 10-yr “beginning to stall at its next extension level at 5.35%”.
Notes & caveats
Benchmarks: S&P 500 (20 pts) and XLV (10 pts). Trading items and bands use the Tue, Nov 3, 2026 close; trend uses the Fri, Oct 30 week. Holder levels (simple S/R: 40-wk SMA, 200-day SMA, 50%/61.8% retracements, 2-yr weekly swings and prior breakouts, ATH; ≥2 tools within 3% per band): Breakout = top of R1; Profit-Taking = next band above it, else the ATH, else none (blue sky); Trade Breakdown = the 40-wk SMA (Friday close below it = flag, verdict REVIEW); Trend Breakdown (S2 floor) and Profit-Taking are reference only and do not change the verdict. Trend Score (8–16 wk) = relative strength (30 pts) + structure (30 pts) rescaled to 100: Up ≥ 60, Neutral 45–59, Down < 45, confirmed after two consecutive Friday closes; descriptive, not a forecast. Coppock = 10-bar WMA of ROC(14)+ROC(11), standard settings used as a placeholder because his are unpublished; DAS is omitted. Zone = sign + 3-yr percentile; direction = 2 bars. SMAs are simple; swings are 5-bar extremes; the channel is a 2-yr log regression ±2σ. The breadth proxy is the % of 500 current S&P 500 members with a rising weekly Coppock; it has survivorship bias, is a regime input only, and no other stock was scored. Weights are our choices (playbook §10); the state rule matched 86% / 83% of his sector states in-sample. Data: Yahoo Finance (unadjusted); weight from the Portfolio Dashboard (PIM 11/2 EOD, read-only).