MEDTRONIC PLC (MDT) Stock Technical Analysis
NYSE:MDT - New York Stock Exchange, Inc. - IE00BTN1Y115 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to MDT. In the last year, MDT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
MDT is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. MDT outperforms 72% of them.
MDT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MDT is lagging the market slightly.
In the last month MDT has a been trading in the 84.58 - 91.85 range, which is quite wide. It is currently trading near the high of this range.
MDT has an average volume of 8131280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, MDT turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
Although MDT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
76.07
95.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 85.72 to 88.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.64 to 81.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 79.48 to 79.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 76.84 to 77.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 92.24 to 92.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 94.50 to 94.50. 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 | UP | POSITIVE | The long term trend for MDT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDT is up. |
| ChartMill Relative Strength | 62.55 | NEUTRAL | MDT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.12 | NEUTRAL | The RSI value for MDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests MDT has a positive trend. |
| Stochastics (14,3) | 83.79 | OVERBOUGHT | The high Stochastics value suggests MDT may be overbought. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for MDT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for MDT suggests a weak or negative trend. |
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)
89.92
+0.52 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.58%
1 Week1.73%
2 Weeks4.34%
1 Month2.11%
3 Month8.47%
6 Month11.48%
12 Month15.36%
2 Year2.46%
3 Year-2.81%
5 Year-6.8%
10 Year14.71%
15 Year143.22%
Volatility
ATR(14)1.49
ATR(20)%1.59%
ATR Inc87.57%
Range Today2.78
ADR(20)1.41
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.55
Mansfield-0.4
10 Day High91.85
10 Day Low85.22
20 Day High91.85
20 Day Low84.58
52 Week High96.25
52 Week Low76.68
CS1 End88.32
CR1 Start92.24
Volume & EV
DER(3)-2.06%
DER(5)-1.55%
Volume12.26M
Volume Incr-8.62%
Vol(5)7.50M
Vol(50)8.13M