MEDTRONIC PLC (MDT) Technical Analysis
NYSE:MDT • IE00BTN1Y115
Taking everything into account, MDT scores 0 out of 10 in our technical rating. MDT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 76% of all other stocks performed better in the past year than MDT.
- In the last month MDT has a been trading in the 86.72 - 102.50 range, which is quite wide. It is currently trading near the lows of this range.
- MDT has an average volume of 8522420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MDT is an average performer in the Health Care Equipment & Supplies industry, it outperforms 61% of 184 stocks in the same industry.
- 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.
The technical rating of MDT is bad and it also does not present a quality setup 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
2 important support areas can be observed.
- Support @83.48 from a trend line in the weekly time frame.
- Support @79.48 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 97.66 to 98.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @105.35 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MDT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDT is down. |
| ChartMill Relative Strength | 24.15 | NEGATIVE | MDT has a low relative strength, it was outperformed by 75.85% off all stocks 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) | DOWN | NEGATIVE | The current price of MDT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MDT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 22.5 | OVERSOLD | The low RSI value suggests MDT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests MDT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.33 | OVERSOLD | The low Stochastics value suggests MDT may be oversold. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for MDT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.98 | POSITIVE | The high ADX value value for MDT suggests a strong trend. |
MDT Technicals: Chart, Performance Metrics, Trend & Indicators
87.14
-0.24 (-0.27%)
MEDTRONIC PLC / MDT FAQ
What is the technical rating for MDT stock?
ChartMill assigns a technical rating of 0 / 10 to MDT.
What is the trend direction for MDT stock?
The current trend direction for MEDTRONIC PLC (MDT) is Bearish.
What is the RSI signal for MDT stock?
MEDTRONIC PLC (MDT) has an RSI value of 22.4962. This indicates that the stock is currently oversold.
Can you provide the MACD signal for MEDTRONIC PLC?
The MACD indicator for MEDTRONIC PLC (MDT) has a value of -0.956516, indicating a bearish trend.
Can you provide the support and resistance levels for MEDTRONIC PLC?
MEDTRONIC PLC (MDT) has a support level at 83.48 and a resistance level at 97.66. Check the full technical report for our detailed analysis of MDT support and resistance levels.