MEDTRONIC PLC (MDT) Stock Technical Analysis
USA - NYSE:MDT - IE00BTN1Y115 - Common Stock
We assign a technical rating of 4 out of 10 to MDT. In the last year, MDT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
MDT has an average technical rating and the quality of the presented setup is also 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
78.69
When analyzing the support we can see 3 important areas.
- Support @90.01 from a horizontal line in the daily time frame.
- Support @82.22 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 93.56 to 95.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 97.70 to 98.43. 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 | DOWN | NEGATIVE | The short term trend for MDT is down. |
| ChartMill Relative Strength | 48 | NEUTRAL | MDT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MDT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MDT is below 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) | 40.31 | NEUTRAL | The RSI value for MDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests MDT has a negative trend. |
| Stochastics (14,3) | 26.18 | NEUTRAL | The Stochastics value for MDT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for MDT suggests low volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for MDT suggests a weak or negative trend. |
93.23
-0.9 (-0.96%)
MEDTRONIC PLC / MDT FAQ
What is the ChartMill technical rating of MEDTRONIC PLC (MDT) stock?
ChartMill assigns a technical rating of 4 / 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 40.309. 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 negative.
What is the support and resistance level for MDT stock?
MEDTRONIC PLC (MDT) has a support level at 90.01 and a resistance level at 93.56. Check the full technical report for our detailed analysis of MDT support and resistance levels.