Logo image of 2M6.DE

MEDTRONIC PLC (2M6.DE) Stock Technical Analysis

Europe - FRA:2M6 - IE00BTN1Y115 - Common Stock

82.55 EUR
+0.93 (+1.14%)
Last: 10/21/2025, 7:00:00 PM
Technical Rating and Analysis

6

Taking everything into account, 2M6 scores 6 out of 10 in our technical rating. Although 2M6 is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

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 1428 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 78.35 - 85.07 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 60% 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.
Weekly and Daily overview Charts
MEDTRONIC PLC / 2M6 Weekly stock chart
MEDTRONIC PLC / 2M6 Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, 2M6 does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 80.56, 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

70.23

88.90

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 80.45 to 80.56. 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 78.01. 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.

When analyzing the resistance we notice 2 important areas.

  • Resistance @84.12 from a trend line in the daily time frame.
  • Resistance @88.02 from a horizontal line in the weekly time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for 2M6.DE is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for 2M6.DE is up.
ChartMill Relative Strength34.27NEUTRAL2M6.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of 2M6.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of 2M6.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of 2M6.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)55.43NEUTRALThe RSI value for 2M6.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.18NEGATIVEThe MACD value suggests 2M6.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)49.47NEUTRALThe Stochastics value for 2M6.DE is a neutral value.
Average True Range in percent/ATR (20)1.79LOW VOLATILITYThe low ATR as a percentage value for 2M6.DE suggests low volalility.
Average Directional Index/ADX (14)12.73NEGATIVEThe low ADX value for 2M6.DE suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
84.1380.443.69 (4.39%)22.80%
An entry @84.13. This is a Buy Stop order right above the resistance zone.An exit @80.44. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 3.69 points, which is 4.39%.When investing 22.80% 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.
MEDTRONIC PLC / 2M6 Daily stock chart

MEDTRONIC PLC

FRA:2M6 (10/21/2025, 7:00:00 PM)

82.55

+0.93 (+1.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.14%
1 Week-0.6%
2 Weeks-2.28%
1 Month2.33%
3 Month4.79%
6 Month12.08%
12 Month-1.62%
2 Year24.21%
3 Year-6.33%
5 Year-3.89%
10 Year22.77%
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%1.79%
ATR Inc-18.54%
Range Today0.97
ADR(20)1.38
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.27
3 months CRS56.01
6 months CRS55.84
Mansfield-0.72
10 Day High84.87
10 Day Low80.43
20 Day High85.07
20 Day Low78.35
52 Week High90.81
52 Week Low70.58
CS1 End80.56
CR1 Start84.12
Volume & EV
DER(3)3.4%
DER(5)8.83%
Volume2.29K
Volume Incr98.37%
Vol(5)1.98K
Vol(50)1.43K