MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
Europe - FRA:2M6 - IE00BTN1Y115 - Common Stock
79.99 EUR
-1.42 (-1.74%)
Overall 2M6 gets a technical rating of 7 out of 10. Although 2M6 is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: 2M6 has an average volume of 1252 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
2M6 is part of the Health Care Equipment & Supplies industry. There are 58 other stocks in this industry. 2M6 outperforms 70% of them.
When comparing the performance of all stocks over the past year, 2M6 turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
2M6 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so 2M6 is lagging the market.
In the last month 2M6 has a been trading in a tight range between 77.88 and 82.11.
2M6 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for 2M6 in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
70.23
88.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 78.81 to 79.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.81 to 77.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 70.94 to 72.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @88.02 from a horizontal line in the weekly 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 | 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 | 50.96 | NEUTRAL | 2M6.DE is not amongst the best or worst performers 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) | 51.61 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests 2M6.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.76 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for 2M6.DE suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 82.12 | 78.89 | 3.23 (3.93%) | 25.00% |
| An entry @82.12. This is a Buy Stop order right above the 10 day high. | An exit @78.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.23 points, which is 3.93%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (9/25/2025, 7:00:00 PM)
79.99
-1.42 (-1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.74%
1 Week-0.27%
2 Weeks0.23%
1 Month1.78%
3 Month8.98%
6 Month-1.54%
12 Month-0.63%
2 Year7.23%
3 Year-5.93%
5 Year-9.87%
10 Year33.54%
15 YearN/A
Volatility
ATR(14)1.59
ATR(20)%1.9%
ATR Inc32.65%
Range Today2.25
ADR(20)1.44
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.96
Mansfield-0.92
10 Day High82.11
10 Day Low78.9
20 Day High82.11
20 Day Low77.88
52 Week High90.81
52 Week Low70.58
CS1 End79.86
CR1 Start88.02
Volume & EV
DER(3)6.38%
DER(5)8.2%
Volume2.10K
Volume Incr22.58%
Vol(5)1.35K
Vol(50)1.25K