MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:2M6 - IE00BTN1Y115 - Common Stock
Taking everything into account, 2M6 scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, 2M6 is only an average performer.
Besides having an excellent technical rating, 2M6 also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for 2M6 in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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70.61
When analyzing the support we can see 4 important areas.
- Support @80.52 from a trend line in the weekly time frame.
- A support zone ranging from 77.09 to 79.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.03 from a horizontal line in the daily time frame.
- Support @71.32 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 89.11 to 91.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 2M6.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 2M6.DE is up. |
| ChartMill Relative Strength | 72.39 | POSITIVE | 2M6.DE has a high relative strength, it outperformed 72.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of 2M6.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of 2M6.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of 2M6.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.03 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend. |
| Stochastics (14,3) | 60.82 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for 2M6.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.85 | POSITIVE | The high ADX value value for 2M6.DE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.12 | 87.17 | 1.95 (2.19%) | 25.00% |
| An entry @89.12. This is a Buy Stop order right above the 10 day moving average. | An exit @87.17. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.95 points, which is 2.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of 2M6. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FRA:2M6 (12/5/2025, 7:00:00 PM)
88.03
+0.32 (+0.36%)
MEDTRONIC PLC / 2M6.DE FAQ
What is the ChartMill technical rating of MEDTRONIC PLC (2M6.DE) stock?
ChartMill assigns a technical rating of 8 / 10 to 2M6.DE.
What is the current trend direction of MEDTRONIC PLC (2M6.DE) stock?
The current trend direction for MEDTRONIC PLC (2M6.DE) is Bullish.
What is the RSI signal for MEDTRONIC PLC (2M6.DE) stock?
MEDTRONIC PLC (2M6.DE) has an RSI value of 59.0302. This indicates that the stock is currently neutral.
What is the short term momentum for MEDTRONIC PLC (2M6.DE) stock?
The short term momentum for MEDTRONIC PLC (2M6.DE) is positive.
Can you provide the support and resistance levels for MEDTRONIC PLC?
MEDTRONIC PLC (2M6.DE) has a support level at 80.52 and a resistance level at 89.11. Check the full technical report for our detailed analysis of 2M6.DE support and resistance levels.