MEDTRONIC PLC (2M6.DE) Technical Analysis
FRA:2M6 • IE00BTN1Y115
Current stock price
2M6.DE Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to 2M6. 2M6 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 86% of all other stocks performed better in the past year than 2M6.
- 2M6 is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month 2M6 has a been trading in the 71.38 - 77.16 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: 2M6 has an average volume of 1153 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 61 other stocks in this industry, 2M6 did better than 61% of them.
2M6.DE Weekly and Daily overview Charts
2M6.DE Setup Rating and Analysis
The technical rating of 2M6 is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2M6.DE Support and Resistance Analysis
70.23
When analyzing the support we notice one important area.
- A support zone ranging from 70.94 to 71.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 73.89 to 78.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @82.32 from a trend line in the weekly time frame.
- Resistance @85.30 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 | 14.02 | NEGATIVE | 2M6.DE has a low relative strength, it was outperformed by 85.98% 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) | 28.33 | OVERSOLD | The low RSI value suggests 2M6.DE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests 2M6.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.24 | OVERSOLD | The low Stochastics value suggests 2M6.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 26.42 | 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 (4/21/2026, 7:00:00 PM)
71.44
-2.04 (-2.78%)
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 28.3328. This indicates that the stock is currently oversold.
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 71.43 and a resistance level at 73.89. Check the full technical report for our detailed analysis of 2M6.DE support and resistance levels.