MEDTRONIC PLC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	MDT
ISIN:

MEDTRONIC PLC. - Daily - Technical analysis published on 07/25/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 97.55 USD

My targets

86.69 USD (-4.43%)

79.25 USD (-12.63%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MEDTRONIC PLC.. As long as you are under the resistance located at 97.55 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 86.69 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 79.25 USD as an objective. Crossing it would then enable sellers to target 68.90 USD. If the resistance 97.55 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

MEDTRONIC PLC. rating 90.71 USD. The price is lower by -0.01% since the last closing and was between 90.46 USD and 91.52 USD. This implies that the price is at +0.28% from its lowest and at -0.89% from its highest.

90.46

91.52

90.71

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MEDTRONIC PLC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.90	79.25	86.69	90.71	91.38	97.55	107.41
Change (%)	-24.04%	-12.63%	-4.43%	-	+0.74%	+7.54%	+18.41%
Change	-21.81	-11.46	-4.02	-	+0.67	+6.84	+16.70
Level	Major	Intermediate	Major	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.30	89.15	89.93	90.78	91.56	92.41	93.19
Camarilla	90.27	90.42	90.57	90.72	90.87	91.02	91.17
Woodie	88.28	89.13	89.91	90.76	91.54	92.39	93.17
Fibonacci	89.15	89.77	90.15	90.78	91.40	91.78	92.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84.50	86.11	88.41	90.02	92.32	93.93	96.23
Camarilla	89.65	90.00	90.36	90.72	91.08	91.44	91.80
Woodie	84.86	86.28	88.77	90.19	92.68	94.10	96.59
Fibonacci	86.11	87.60	88.52	90.02	91.51	92.43	93.93

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	70.91	78.60	84.17	91.86	97.43	105.12	110.69
Camarilla	86.10	87.32	88.54	89.75	90.97	92.18	93.40
Woodie	69.86	78.07	83.12	91.33	96.38	104.59	109.64
Fibonacci	78.60	83.66	86.79	91.86	96.92	100.05	105.12

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.26
MACD (12,26,9):	-0.7700
Directional Movement:	4.79
AROON (14):	42.86
DEMA (21):	88.55
Parabolic SAR (0,02-0,02-0,2):	87.27
Elder Ray (13):	1.29
Super Trend (3,10):	92.53
Zig ZAG (10):	90.65
VORTEX (21):	1.0000
Stochastique (14,3,5):	78.52
TEMA (21):	89.84
Williams %R (14):	-19.61
Chande Momentum Oscillator (20):	1.14
Repulse (5,40,3):	-0.3300
ROCnROLL:	-1
TRIX (15,9):	-0.2100
Courbe Coppock:	0.72

MA7:	89.75
MA20:	89.58
MA50:	93.47
MA100:	100.05
MAexp7:	89.94
MAexp20:	89.97
MAexp50:	93.19
MAexp100:	97.82
Price / MA7:	+1.07%
Price / MA20:	+1.26%
Price / MA50:	-2.95%
Price / MA100:	-9.34%
Price / MAexp7:	+0.86%
Price / MAexp20:	+0.82%
Price / MAexp50:	-2.66%
Price / MAexp100:	-7.27%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on MEDTRONIC PLC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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