MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:2M6 - IE00BTN1Y115 - Common Stock
We assign a technical rating of 1 out of 10 to 2M6. 2M6 has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of 2M6 is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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70.23
We found 4 important support areas.
- Support @80.05 from a trend line in the daily time frame.
- A support zone ranging from 77.09 to 78.00. 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 81.89 to 85.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @88.02 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 90.51 to 91.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for 2M6.DE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 2M6.DE is down. |
| ChartMill Relative Strength | 43.38 | NEUTRAL | 2M6.DE is not amongst the best or worst performers 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 | MIXED | The current price of 2M6.DE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.31 | NEUTRAL | The RSI value for 2M6.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests 2M6.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.2 | OVERSOLD | The low Stochastics value suggests 2M6.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for 2M6.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 27.7 | POSITIVE | The high ADX value value for 2M6.DE suggests a strong trend. |
FRA:2M6 (1/2/2026, 7:00:00 PM)
81.54
-0.72 (-0.88%)
MEDTRONIC PLC / 2M6.DE FAQ
What is the ChartMill technical rating of MEDTRONIC PLC (2M6.DE) stock?
ChartMill assigns a technical rating of 1 / 10 to 2M6.DE.
What is the trend direction for 2M6 stock?
The current trend direction for MEDTRONIC PLC (2M6.DE) is Bearish.
What is the RSI signal for MEDTRONIC PLC (2M6.DE) stock?
MEDTRONIC PLC (2M6.DE) has an RSI value of 35.3062. This indicates that the stock is currently neutral.
What is the MACD signal for MEDTRONIC PLC (2M6.DE) stock?
The MACD indicator for MEDTRONIC PLC (2M6.DE) has a value of -0.587473, indicating a bearish trend.