MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
Europe - FRA:2M6 - IE00BTN1Y115 - Common Stock
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.
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.
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70.23
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.
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 | 34.27 | 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) | 55.43 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.47 | NEUTRAL | The Stochastics value for 2M6.DE is a neutral value. |
| 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) | 12.73 | NEGATIVE | The low ADX value for 2M6.DE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 84.13 | 80.44 | 3.69 (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.
FRA:2M6 (10/21/2025, 7:00:00 PM)
82.55
+0.93 (+1.14%)