MEDTRONIC PLC (MDT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:MDT • IE00BTN1Y115
Overall MDT gets a technical rating of 8 out of 10. Both in the recent history as in the last year, MDT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that MDT is one of the better performing stocks in the market, outperforming 70% of all stocks.
- MDT is part of the Health Care Equipment & Supplies industry. There are 186 other stocks in this industry. MDT outperforms 80% of them.
- MDT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MDT is lagging the market slightly.
- In the last month MDT has a been trading in the 95.69 - 105.50 range, which is quite wide. It is currently trading near the high of this range.
- MDT has an average volume of 6998590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, MDT also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 105.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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78.69
When analyzing the support we can see 6 important areas.
- A support zone ranging from 99.07 to 100.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.80 from a trend line in the weekly time frame.
- Support @95.12 from a trend line in the daily time frame.
- A support zone ranging from 89.34 to 90.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.15 from a trend line in the weekly time frame.
- Support @79.48 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 105.33 to 105.35. 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 | UP | POSITIVE | The short term trend for MDT is up. |
| ChartMill Relative Strength | 70.12 | POSITIVE | MDT has a high relative strength, it outperformed 70.12% 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) | DOWN | MIXED | The current price of MDT is above a declining 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) | 61.48 | NEUTRAL | The RSI value for MDT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests MDT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.08 | NEUTRAL | The Stochastics value for MDT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for MDT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.87 | NEGATIVE | The low ADX value for MDT suggests a weak or negative 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 |
|---|---|---|---|
| 105.36 | 99.67 | 5.69 (5.40%) | 18.52% |
| An entry @105.36. This is a Buy Stop order right above the resistance zone. | An exit @99.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.69 points, which is 5.40%. | When investing 18.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
102.9
-0.05 (-0.05%)
MEDTRONIC PLC / MDT FAQ
What is the technical rating for MDT stock?
ChartMill assigns a technical rating of 8 / 10 to MDT.
What is the trend direction for MDT stock?
The current trend direction for MEDTRONIC PLC (MDT) is Bullish.
What is the RSI signal for MDT stock?
MEDTRONIC PLC (MDT) has an RSI value of 61.4781. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MEDTRONIC PLC?
The MACD indicator for MEDTRONIC PLC (MDT) has a value of 0.262421, indicating a bearish trend.
Can you provide the support and resistance levels for MEDTRONIC PLC?
MEDTRONIC PLC (MDT) has a support level at 100.31 and a resistance level at 105.33. Check the full technical report for our detailed analysis of MDT support and resistance levels.