MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
FRA:2M6 - Deutsche Boerse Ag - IE00BTN1Y115 - Common Stock - Currency: EUR
We assign a technical rating of 2 out of 10 to 2M6. Recently some decent action could be observed, but in the medium term time frame this is still negative. 2M6 was also a bad performer in the overall market in the last year.
76% 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: 2M6 has an average volume of 1579 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month 2M6 has a been trading in the 70.61 - 78.04 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
2M6 is part of the Health Care Equipment & Supplies industry. There are 59 other stocks in this industry, 2M6 did better than 58% of them.
2M6 has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
70.23
88.90
When analyzing the support we notice one important area.
- 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 3 important areas.
- A resistance zone ranging from 77.00 to 78.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @82.24 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for 2M6.DE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for 2M6.DE is up. |
| ChartMill Relative Strength | 24.46 | NEGATIVE | 2M6.DE has a low relative strength, it was outperformed by 75.54% 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) | DOWN | MIXED | The current price of 2M6.DE is above 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) | 56.93 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests 2M6.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.26 | OVERBOUGHT | The high Stochastics value suggests 2M6.DE may be overbought. |
| Average True Range in percent/ATR (20) | 1.91 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 12.47 | NEGATIVE | The low ADX value for 2M6.DE suggests a weak or negative 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 (6/16/2025, 7:00:00 PM)
76.75
+0.21 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.27%
1 Week0.1%
2 Weeks5.54%
1 Month0.03%
3 Month-8.37%
6 Month-1.01%
12 Month1.21%
2 Year-5.06%
3 Year-10.93%
5 Year-4.06%
10 Year15.83%
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%1.91%
ATR Inc-22.14%
Range Today1.12
ADR(20)1.38
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
CRS24.46
Mansfield-0.77
10 Day High77.72
10 Day Low73
20 Day High78.04
20 Day Low70.61
52 Week High90.81
52 Week Low70.1
CS1 End72.04
CR1 Start77
Volume & EV
DER(3)9.87%
DER(5)17.37%
Volume1.57K
Volume Incr-4.65%
Vol(5)1.19K
Vol(50)1.58K