MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
FRA:2M6 - Deutsche Boerse Ag - IE00BTN1Y115 - Common Stock - Currency: EUR
Overall 2M6 gets a technical rating of 4 out of 10. 2M6 has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Warning: 2M6 has an average volume of 929 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 neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, 2M6 outperforms 45% of them, which is more or less in line with the market.
2M6 is part of the Health Care Equipment & Supplies industry. There are 59 other stocks in this industry, 2M6 did better than 63% of them.
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 76.19 and 80.53.
Considerably lower volume is observed in the last couple of days.
2M6 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 77.77, a Stop Loss order could be placed below this zone. 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.
More info and screens
70.23
88.90
2 important support areas can be observed.
- A support zone ranging from 76.30 to 77.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.94 to 72.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 78.54 to 80.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for 2M6.DE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for 2M6.DE is neutral. |
| ChartMill Relative Strength | 45.62 | 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) | DOWN | NEGATIVE | The current price of 2M6.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.51 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.52 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 33.54 | POSITIVE | The high ADX value value for 2M6.DE suggests a strong 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 (8/7/2025, 7:00:00 PM)
77.98
+0.89 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.15%
1 Week-2.12%
2 Weeks0.4%
1 Month1.25%
3 Month4.25%
6 Month-10.65%
12 Month4.11%
2 Year2.77%
3 Year-10.72%
5 Year-13.04%
10 Year18.26%
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%1.71%
ATR Inc32.61%
Range Today1.72
ADR(20)1.21
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.62
Mansfield-0.98
10 Day High80.53
10 Day Low76.26
20 Day High80.53
20 Day Low76.19
52 Week High90.81
52 Week Low70.58
CS1 End77.77
CR1 Start78.54
Volume & EV
DER(3)14.3%
DER(5)28.55%
Volume26
Volume Incr-64.85%
Vol(5)342.6
Vol(50)929.74