MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
FRA:2M6 - IE00BTN1Y115 - Common Stock
79.44 EUR
-0.7 (-0.87%)
Overall 2M6 gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, 2M6 is a bad performer.
When comparing the yearly performance of all stocks, 2M6 is a bad performer in the overall market: 66% of all stocks are doing better.
Warning: 2M6 has an average volume of 1326 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month 2M6 has a been trading in the 75.01 - 85.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
2M6 is an average performer in the Health Care Equipment & Supplies industry, it outperforms 55% of 57 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.
2M6 has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 80.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 79.31, 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
When analyzing the support we can see 2 important areas.
- A support zone ranging from 75.88 to 79.31. 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 80.04 to 80.17. This zone is formed by a combination of multiple trend lines 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 | 34.92 | 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) | 52.66 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend. |
| Stochastics (14,3) | 41.71 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for 2M6.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 33.56 | 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)
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 |
|---|---|---|---|
| 80.18 | 77.48 | 2.70 (3.37%) | 25.00% |
| An entry @80.18. This is a Buy Stop order right above the resistance zone. | An exit @77.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.70 points, which is 3.37%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.84%. |
- The distance between exit and entry is rather small compared to the average daily movement of 2M6. Please evaluate whether better entry and exit points can be found.
- 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 (9/5/2025, 7:00:00 PM)
79.44
-0.7 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.87%
1 Week0.74%
2 Weeks0.3%
1 Month0.79%
3 Month3.6%
6 Month-8.06%
12 Month-1.84%
2 Year6.49%
3 Year-6.57%
5 Year-10.49%
10 Year32.62%
15 YearN/A
Volatility
ATR(14)2.43
ATR(20)%2.58%
ATR Inc-52.66%
Range Today0.49
ADR(20)1.88
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.92
Mansfield-0.92
10 Day High80.49
10 Day Low77.49
20 Day High85.75
20 Day Low75.01
52 Week High90.81
52 Week Low70.58
CS1 End79.31
CR1 Start80.04
Volume & EV
DER(3)8.04%
DER(5)7.74%
Volume856
Volume Incr-22.67%
Vol(5)1.35K
Vol(50)1.33K