Why INTUITIVE SURGICAL INC (NASDAQ:ISRG) qualifies as a high growth stock.

Our stock screener has identified INTUITIVE SURGICAL INC (NASDAQ:ISRG) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:ISRG.

Insights from Technical Analysis

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Taking everything into account, ISRG scores 7 out of 10 in our technical rating. In the last year, ISRG was one of the better performers, but we do observe some doubts in the very recent evolution.

• Looking at the yearly performance, ISRG did better than 91% of all other stocks. We also observe that the gains produced by ISRG over the past year are nicely spread over this period.
• ISRG is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 86% of 188 stocks in the same industry.
• ISRG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ISRG is performing more or less in line with the market.
• The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Check the latest full technical report of ISRG for a complete technical analysis.

How do we evaluate the setup for NASDAQ:ISRG?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:ISRG currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, ISRG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 568.01, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ISRG in the last couple of days, which is a good sign.

Looking into the high growth metrics of INTUITIVE SURGICAL INC

• The recent financial report of INTUITIVE SURGICAL INC demonstrates a 38.12% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• INTUITIVE SURGICAL INC has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 25.16%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• The quarterly earnings of INTUITIVE SURGICAL INC have shown a 38.12% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• accelerating EPS growth for INTUITIVE SURGICAL INC: the current Q2Q growth of 38.12% exceeds the previous year Q2Q growth of 30.08%.
• INTUITIVE SURGICAL INC has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• With positive growth in its free cash flow (FCF) over the past year, INTUITIVE SURGICAL INC showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• With a favorable Return on Equity (ROE) of 14.05%, INTUITIVE SURGICAL INC demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
• With a Debt-to-Equity ratio at 0.0, INTUITIVE SURGICAL INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• INTUITIVE SURGICAL INC has a strong history of beating EPS estimates in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• INTUITIVE SURGICAL INC has exhibited strong Relative Strength(RS) in recent periods, with a current 91.21 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. INTUITIVE SURGICAL INC shows promising potential for continued price momentum.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.