MEDTRONIC PLC (1MDT.MI) Stock Technical Analysis
BIT:1MDT - Euronext Milan - IE00BTN1Y115 - Common Stock - Currency: EUR
Taking everything into account, 1MDT scores 4 out of 10 in our technical rating. 1MDT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
1MDT has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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74.13
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 74.91 to 74.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for 1MDT.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 1MDT.MI is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | 1MDT.MI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of 1MDT.MI is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 43.78 | NEUTRAL | The RSI value for 1MDT.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.4 | NEGATIVE | The MACD value suggests 1MDT.MI has a negative trend. |
| Stochastics (14,3) | 20.84 | NEUTRAL | The Stochastics value for 1MDT.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for 1MDT.MI suggests high volalility. |
| Average Directional Index/ADX (14) | 16.41 | NEGATIVE | The low ADX value for 1MDT.MI suggests a weak or negative trend. |
BIT:1MDT (6/4/2025, 7:00:00 PM)
74.88
-0.73 (-0.97%)