MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
Europe • Frankfurt Stock Exchange • FRA:2M6 • IE00BTN1Y115
We assign a technical rating of 4 out of 10 to 2M6. 2M6 was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- When comparing the yearly performance of all stocks, 2M6 is a bad performer in the overall market: 61% of all stocks are doing better.
- Warning: 2M6 has an average volume of 1634 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 2M6 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so 2M6 is lagging the market slightly.
- 2M6 is part of the Health Care Equipment & Supplies industry. There are 63 other stocks in this industry, 2M6 did better than 66% of them.
- In the last month 2M6 has a been trading in the 81.47 - 89.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, 2M6 does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 85.34, 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. 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
70.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 83.94 to 85.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.54 to 81.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 77.09 to 78.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.32 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @88.02 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 90.51 to 91.27. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for 2M6.DE is neutral. |
| ChartMill Relative Strength | 39.4 | 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) | DOWN | NEGATIVE | The current price of 2M6.DE is below a declining 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) | 50.2 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests 2M6.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.81 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for 2M6.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.42 | NEGATIVE | The low ADX value for 2M6.DE suggests a weak or negative trend. |
FRA:2M6 (2/9/2026, 7:00:00 PM)
85.56
-1.05 (-1.21%)
MEDTRONIC PLC / 2M6.DE FAQ
What is the ChartMill technical rating of MEDTRONIC PLC (2M6.DE) stock?
ChartMill assigns a technical rating of 4 / 10 to 2M6.DE.
What is the trend direction for 2M6 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 50.1971. This indicates that the stock is currently neutral.
What is the MACD signal for MEDTRONIC PLC (2M6.DE) stock?
The MACD indicator for MEDTRONIC PLC (2M6.DE) has a value of 0.14565, indicating a bearish trend.