Intuitive Surgical Inc

ISRG sits in a Stage 4 decline but is mean-reversion eligible after a Post-Capitulation cluster signals selling exhaustion. Short-term structure remains below declining EMAs and ST trend is down, so execution is deferred. We will stalk for a pullback into the defended demand zone or rising EMA region before initiating a long.

• ↑Q1 2026 revenue of $2.77 B (+23% YoY) with total procedures +17%.
• ↑Recurring revenue makes up 86%, supporting stable cash flows.
• ↓Elective procedures and tender activity remain subdued, slowing growth.