MEDTRONIC PLC (MDT) Stock Technical Analysis
NYSE:MDT - New York Stock Exchange, Inc. - IE00BTN1Y115 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to MDT. MDT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MDT has a been trading in the 79.93 - 88.63 range, which is quite wide. It is currently trading near the high of this range.
MDT has an average volume of 7753590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MDT outperforms 45% of them, which is more or less in line with the market.
MDT is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, MDT did better than 67% of them.
MDT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MDT is lagging the market slightly.
MDT has an average technical rating and also the quality of the setup is only medium 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
3 important support areas can be observed.
- A support zone ranging from 84.34 to 86.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.48 to 81.88. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 92.27 to 92.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for MDT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDT is up. |
| ChartMill Relative Strength | 45.87 | 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) | DOWN | MIXED | The current price of MDT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MDT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.26 | NEUTRAL | The RSI value for MDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests MDT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.4 | OVERBOUGHT | The high Stochastics value suggests MDT may be overbought. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for MDT suggests low volalility. |
| Average Directional Index/ADX (14) | 22.86 | NEUTRAL | The ADX value for MDT suggests a possible start of a new 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)
87.27
-1.22 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.38%
1 Week-0.19%
2 Weeks5.17%
1 Month1.35%
3 Month-6.23%
6 Month5.81%
12 Month7.69%
2 Year-0.94%
3 Year-2.76%
5 Year-4.83%
10 Year17.77%
15 Year140.61%
Volatility
ATR(14)1.28
ATR(20)%1.72%
ATR Inc-14.62%
Range Today1.55
ADR(20)1.45
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.87
Mansfield-0.27
10 Day High88.63
10 Day Low82.21
20 Day High88.63
20 Day Low79.93
52 Week High96.25
52 Week Low75.96
CS1 End86.86
CR1 Start92.27
Volume & EV
DER(3)-0.52%
DER(5)-0.63%
Volume6.01M
Volume Incr-27.47%
Vol(5)6.35M
Vol(50)7.75M