MDT Technical Analysis - MEDTRONIC PLC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to MDT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MDT is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

MDT is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry. MDT outperforms 71% of them.

MDT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month MDT has a been trading in the 91.39 - 97.94 range, which is quite wide. It is currently trading near the high of this range.

MDT has an average volume of 7249870 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 67% of them, which is more or less in line with the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

MDT has an excellent technical rating, but 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

78.69

98.68

We found 4 important support areas.

A support zone ranging from 94.58 to 95.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 89.34 to 90.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @81.95 from a trend line in the weekly time frame.
A support zone ranging from 79.48 to 79.61. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	67.76	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)	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)	66.09	NEUTRAL	The RSI value for MDT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests MDT has a positive trend.
Stochastics (14,3)	85.09	OVERBOUGHT	The high Stochastics value suggests MDT may be overbought.
Average True Range in percent/ATR (20)	1.92	LOW VOLATILITY	The low ATR as a percentage value for MDT suggests low volalility.
Average Directional Index/ADX (14)	11.6	NEGATIVE	The low ADX value for MDT suggests a weak or negative trend.