MEDTRONIC PLC (MDT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MDT - IE00BTN1Y115 - Common Stock
Taking everything into account, MDT scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MDT is showing a nice and steady performance.
MDT has an excellent technical rating and also presents a decent setup pattern. 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.
More info and screens
78.69
We found 4 important support areas.
- A support zone ranging from 96.18 to 98.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 89.34 to 92.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.55 from a trend line in the weekly time frame.
- Support @79.48 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 MDT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDT is up. |
| ChartMill Relative Strength | 82.98 | POSITIVE | MDT has a high relative strength, it outperformed 82.98% off all stocks 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) | 61.61 | NEUTRAL | The RSI value for MDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.58 | POSITIVE | The MACD value suggests MDT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.12 | NEUTRAL | The Stochastics value for MDT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for MDT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.8 | POSITIVE | The high ADX value value for MDT suggests a strong 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 |
|---|---|---|---|
| 102.61 | 99.07 | 3.53 (3.44%) | 25.00% |
| An entry @102.61. This is a Buy Stop order right above the 10 day moving average. | An exit @99.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.53 points, which is 3.44%. | For a 0.86% total portfolio risk, you can invest 25.00% 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.
102.03
-1.31 (-1.27%)
MEDTRONIC PLC / MDT FAQ
What is the ChartMill technical rating of MEDTRONIC PLC (MDT) stock?
ChartMill assigns a technical rating of 10 / 10 to MDT.
Can you provide the trend direction for MEDTRONIC PLC?
The current trend direction for MEDTRONIC PLC (MDT) is Bullish.
What is the RSI signal for MEDTRONIC PLC (MDT) stock?
MEDTRONIC PLC (MDT) has an RSI value of 61.6149. This indicates that the stock is currently neutral.
What is the short term momentum for MEDTRONIC PLC (MDT) stock?
The short term momentum for MEDTRONIC PLC (MDT) is positive.
What is the support and resistance level for MDT stock?
MEDTRONIC PLC (MDT) has a support level at 98.06. Check the full technical report for our detailed analysis of MDT support and resistance levels.