MEDTRONIC PLC (MDT) Stock Technical Analysis
NYSE:MDT - IE00BTN1Y115 - Common Stock
92.71 USD
+1.61 (+1.77%)
92.63 USD
-0.08 (-0.09%)
We assign a technical rating of 6 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
MDT is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 72% of 185 stocks in the same industry.
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 87.50 - 94.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
MDT has an average volume of 7703550 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 62% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MDT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 94.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 92.46, a Stop Loss order could be placed below this zone.
More info and screens
78.69
95.45
3 important support areas can be observed.
- A support zone ranging from 89.34 to 92.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @82.46 from a trend line in the weekly time frame.
- A support zone ranging from 79.48 to 80.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | 62.92 | NEUTRAL | MDT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MDT is above a declining 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) | 55.14 | NEUTRAL | The RSI value for MDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests MDT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.79 | NEUTRAL | The Stochastics value for MDT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for MDT suggests low volalility. |
| Average Directional Index/ADX (14) | 17.63 | 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)
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 |
|---|---|---|---|
| 94.51 | 89.33 | 5.18 (5.48%) | 18.25% |
| An entry @94.51. This is a Buy Stop order right above the resistance zone. | An exit @89.33. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.18 points, which is 5.48%. | For a 1.00% total portfolio risk, you can invest 18.25% of your capital in this trade. |
- 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.
92.71
+1.61 (+1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.77%
1 Week-0.33%
2 Weeks-0.18%
1 Month-0.25%
3 Month14.91%
6 Month3.08%
12 Month4.93%
2 Year13.75%
3 Year5.45%
5 Year-13.73%
10 Year28.25%
15 Year194.79%
Volatility
ATR(14)1.99
ATR(20)%1.94%
ATR Inc21.52%
Range Today1.28
ADR(20)1.57
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.92
Mansfield-0.38
10 Day High94.44
10 Day Low87.5
20 Day High94.44
20 Day Low87.5
52 Week High96.25
52 Week Low79.29
CS1 End92.46
CR1 Start94.5
Volume & EV
DER(3)-0.62%
DER(5)0.38%
Volume4.88M
Volume Incr73.7%
Vol(5)11.22M
Vol(50)7.70M