MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
Europe - FRA:2M6 - IE00BTN1Y115 - Common Stock
83.11 EUR
+0.56 (+0.68%)
Overall 2M6 gets a technical rating of 6 out of 10. Although 2M6 is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
62% of all other stocks performed better in the past year than 2M6.
Warning: 2M6 has an average volume of 1465 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!
In the last month 2M6 has a been trading in the 78.35 - 85.07 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
2M6 is an average performer in the Health Care Equipment & Supplies industry, it outperforms 63% of 59 stocks in the same industry.
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.
Volume is considerably higher in the last couple of days.
2M6 has an average technical rating and the quality of the presented setup is also not ideal 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
We found 3 important support areas.
- A support zone ranging from 80.53 to 80.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.09 to 78.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 70.94 to 72.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @84.09 from a trend 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 | 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 | 38.47 | 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) | 58.11 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.4 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 12.61 | 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)
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 |
|---|---|---|---|
| 84.10 | 80.42 | 3.68 (4.38%) | 22.85% |
| An entry @84.10. This is a Buy Stop order right above the resistance zone. | An exit @80.42. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.68 points, which is 4.38%. | When investing 22.85% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (10/22/2025, 7:00:00 PM)
83.11
+0.56 (+0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.68%
1 Week1.63%
2 Weeks-1.27%
1 Month2.09%
3 Month5.5%
6 Month12.84%
12 Month-0.95%
2 Year25.05%
3 Year-5.7%
5 Year-3.24%
10 Year23.6%
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%1.75%
ATR Inc-21.09%
Range Today1.1
ADR(20)1.36
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.47
3 months CRS63.02
6 months CRS58.55
Mansfield-0.61
10 Day High84.79
10 Day Low80.43
20 Day High85.07
20 Day Low78.35
52 Week High90.81
52 Week Low70.58
CS1 End80.68
CR1 Start84.09
Volume & EV
DER(3)3.86%
DER(5)4.05%
Volume2.84K
Volume Incr143.94%
Vol(5)2.47K
Vol(50)1.47K