MEDTRONIC PLC (MDT) Technical Analysis
NYSE:MDT • IE00BTN1Y115
Current stock price
MDT Technical Rating and Analysis
Taking everything into account, MDT scores 0 out of 10 in our technical rating. MDT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 84% of all other stocks performed better in the past year than MDT.
- MDT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month MDT has a been trading in the 78.91 - 88.84 range, which is quite wide. It is currently trading near the lows of this range.
- MDT has an average volume of 8373800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- MDT is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, MDT did better than 52% of them.
MDT Weekly and Daily overview Charts
MDT Setup Rating and Analysis
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
MDT Support and Resistance Analysis
78.58
We found 1 important support area.
- A support zone ranging from 79.37 to 79.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 82.25 to 83.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 87.21 to 89.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @99.54 from a trend line in the weekly time frame.
- Resistance @105.35 from a horizontal line in the daily time frame.
MDT 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 | DOWN | NEGATIVE | The long term trend for MDT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MDT is down. |
| ChartMill Relative Strength | 16.88 | NEGATIVE | MDT has a low relative strength, it was outperformed by 83.12% 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) | DOWN | NEGATIVE | The current price of MDT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.12 | NEUTRAL | The RSI value for MDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests MDT has a negative trend. |
| Stochastics (14,3) | 12.33 | OVERSOLD | The low Stochastics value suggests MDT may be oversold. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MDT suggests some volalility. |
| Average Directional Index/ADX (14) | 46.3 | POSITIVE | The high ADX value value for MDT suggests a strong trend. |
MDT Chart- and CandleStick Pattern Analysis
MDT Technicals: Chart, Performance Metrics, Trend & Indicators
80
-0.97 (-1.2%)
MEDTRONIC PLC / MDT TA 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.
Can you provide the RSI signal for MEDTRONIC PLC?
MEDTRONIC PLC (MDT) has an RSI value of 32.1247. This indicates that the stock is currently neutral.
What is the buy/sell signal for MDT stock?
The buy/sell signal for MEDTRONIC PLC (MDT) is sell as both the short term and long term trends are negative.
What is the support and resistance level for MDT stock?
MEDTRONIC PLC (MDT) has a support level at 79.99 and a resistance level at 82.25. Check the full technical report for our detailed analysis of MDT support and resistance levels.