MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
Europe - FRA:2M6 - IE00BTN1Y115 - Common Stock
Overall 2M6 gets a technical rating of 4 out of 10. In the last year, 2M6 was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
2M6 has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 78.35, 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
We found 3 important support areas.
- A support zone ranging from 77.09 to 78.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @73.03 from a horizontal line in the daily time frame.
- A support zone ranging from 70.94 to 71.32. 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 80.71 to 82.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @83.95 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 | DOWN | NEGATIVE | The short term trend for 2M6.DE is down. |
| ChartMill Relative Strength | 25.58 | NEGATIVE | 2M6.DE has a low relative strength, it was outperformed by 74.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of 2M6.DE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of 2M6.DE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of 2M6.DE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.87 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend. |
| Stochastics (14,3) | 15.54 | OVERSOLD | The low Stochastics value suggests 2M6.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 14.48 | NEGATIVE | The low ADX value for 2M6.DE suggests a weak or negative trend. |
FRA:2M6 (10/28/2025, 7:00:00 PM)
80.51
+0.11 (+0.14%)
MEDTRONIC PLC / 2M6.DE FAQ
What is the ChartMill technical rating of MEDTRONIC PLC (2M6.DE) stock?
ChartMill assigns a technical rating of 4 / 10 to 2M6.DE.
What is the current trend direction of MEDTRONIC PLC (2M6.DE) stock?
The current trend direction for MEDTRONIC PLC (2M6.DE) is Bullish.
What is the RSI signal for MEDTRONIC PLC (2M6.DE) stock?
MEDTRONIC PLC (2M6.DE) has an RSI value of 44.8695. This indicates that the stock is currently neutral.
What is the short term momentum for MEDTRONIC PLC (2M6.DE) stock?
The short term momentum for MEDTRONIC PLC (2M6.DE) is negative.
Can you provide the support and resistance levels for MEDTRONIC PLC?
MEDTRONIC PLC (2M6.DE) has a support level at 78.35 and a resistance level at 80.71. Check the full technical report for our detailed analysis of 2M6.DE support and resistance levels.