MEDTRONIC PLC (2M6.DE) Technical Analysis
FRA:2M6 • IE00BTN1Y115
Current stock price
2M6.DE Technical Rating and Analysis
Overall 2M6 gets a technical rating of 0 out of 10. 2M6's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 81% of all other stocks performed better in the past year than 2M6.
- 2M6 is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so 2M6 is lagging the market.
- 2M6 is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Warning: 2M6 has an average volume of 1355 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- 2M6 is part of the Health Care Equipment & Supplies industry. There are 63 other stocks in this industry, 2M6 did better than 64% of them.
- Considerably lower volume is observed in the last couple of days.
2M6.DE Weekly and Daily overview Charts
2M6.DE Setup Rating and Analysis
Although the technical rating is bad, 2M6 does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 77.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.15, 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
2M6.DE Support and Resistance Analysis
70.23
We found 2 important support areas.
- A support zone ranging from 75.01 to 75.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 70.94 to 71.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 77.02 to 77.61. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 83.10 to 83.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @85.85 from a trend line in the daily time frame.
- Resistance @88.02 from a horizontal line in the weekly time frame.
- Resistance @91.27 from a horizontal line in the daily time frame.
2M6.DE Technical Indicator Signal Analysis
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 | 19.46 | NEGATIVE | 2M6.DE has a low relative strength, it was outperformed by 80.54% 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) | 38.73 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests 2M6.DE has a positive trend. |
| Stochastics (14,3) | 28.85 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 29.79 | POSITIVE | The high ADX value value for 2M6.DE suggests a strong trend. |
2M6.DE Chart- and CandleStick Pattern Analysis
2M6.DE Technicals: Chart, Performance Metrics, Trend & Indicators
FRA:2M6 (4/8/2026, 7:00:00 PM)
75.2
+0.66 (+0.89%)
MEDTRONIC PLC / 2M6.DE TA FAQ
What is the ChartMill technical rating of MEDTRONIC PLC (2M6.DE) stock?
ChartMill assigns a technical rating of 0 / 10 to 2M6.DE.
What is the trend direction for 2M6 stock?
The current trend direction for MEDTRONIC PLC (2M6.DE) is Bearish.
Can you provide the RSI signal for MEDTRONIC PLC?
MEDTRONIC PLC (2M6.DE) has an RSI value of 38.7287. This indicates that the stock is currently neutral.
What is the short term momentum for 2M6 stock?
The short term momentum for MEDTRONIC PLC (2M6.DE) is negative.
What is the support and resistance level for 2M6 stock?
MEDTRONIC PLC (2M6.DE) has a support level at 75.15 and a resistance level at 77.02. Check the full technical report for our detailed analysis of 2M6.DE support and resistance levels.