MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
FRA:2M6 - Deutsche Boerse Ag - IE00BTN1Y115 - Common Stock - Currency: EUR
We assign a technical rating of 0 out of 10 to 2M6. 2M6 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
84% of all other stocks performed better in the past year than 2M6.
2M6 is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so 2M6 is lagging the market.
In the last month 2M6 has a been trading in the 70.61 - 78.04 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: 2M6 has an average volume of 1656 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
2M6 is an average performer in the Health Care Equipment & Supplies industry, it outperforms 56% of 61 stocks in the same industry.
The technical rating of 2M6 is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
70.22
83.06
When analyzing the support we notice one important area.
- A support zone ranging from 70.93 to 70.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @71.32 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 74.73 to 78.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @82.24 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for 2M6.DE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 2M6.DE is down. |
| ChartMill Relative Strength | 16.35 | NEGATIVE | 2M6.DE has a low relative strength, it was outperformed by 83.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 2M6.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 2M6.DE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 2M6.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.66 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend. |
| Stochastics (14,3) | 17.14 | OVERSOLD | The low Stochastics value suggests 2M6.DE may be oversold. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for 2M6.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for 2M6.DE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
FRA:2M6 (5/23/2025, 7:00:00 PM)
70.94
-1.03 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.43%
1 Week-8.25%
2 Weeks-5.16%
1 Month-4.62%
3 Month-17.53%
6 Month-13.23%
12 Month-6.42%
2 Year-8.04%
3 Year-23.84%
5 Year-18.55%
10 Year1.34%
15 YearN/A
Volatility
ATR(14)1.75
ATR(20)%2.25%
ATR Inc36.88%
Range Today1.37
ADR(20)1.52
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.35
Mansfield-1.2
10 Day High78.04
10 Day Low70.61
20 Day High78.04
20 Day Low70.61
52 Week High90.81
52 Week Low70.1
CS1 End70.93
CR1 Start71.32
Volume & EV
DER(3)7.58%
DER(5)17.67%
Volume4.79K
Volume Incr27.71%
Vol(5)1.56K
Vol(50)1.66K