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 09/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 83.72 USD

My targets

79.93 USD (-2.44%)

76.06 USD (-7.16%)

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 83.72 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 79.93 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 76.06 USD as an objective. Crossing it would then enable sellers to target 67.16 USD. If the resistance 83.72 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

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 81.93 USD. The price registered a decrease of -0.04% on the session with the lowest point at 81.57 USD and the highest point at 82.39 USD. The deviation from the price is +0.44% for the low point and -0.56% for the high point.

81.57

82.39

81.93

Here is a more detailed summary of the historical variations registered by MEDTRONIC PLC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this MEDTRONIC PLC. chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

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 resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	76.06	79.93	81.47	81.93	83.72	86.63	91.38
Change (%)	-7.16%	-2.44%	-0.56%	-	+2.18%	+5.74%	+11.53%
Change	-5.87	-2.00	-0.46	-	+1.79	+4.70	+9.45
Level	Major	Major	Major	-	Major	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80.97	81.33	81.65	82.01	82.33	82.69	83.01
Camarilla	81.77	81.84	81.90	81.96	82.02	82.09	82.15
Woodie	80.94	81.32	81.62	82.00	82.30	82.68	82.98
Fibonacci	81.33	81.59	81.75	82.01	82.27	82.43	82.69

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	75.48	77.20	78.58	80.30	81.68	83.40	84.78
Camarilla	79.11	79.39	79.68	79.96	80.24	80.53	80.81
Woodie	75.31	77.12	78.41	80.22	81.51	83.32	84.61
Fibonacci	77.20	78.38	79.12	80.30	81.48	82.22	83.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.23	76.61	79.06	83.44	85.89	90.27	92.72
Camarilla	79.62	80.25	80.87	81.50	82.13	82.75	83.38
Woodie	71.26	76.13	78.09	82.96	84.92	89.79	91.75
Fibonacci	76.61	79.22	80.83	83.44	86.05	87.66	90.27

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	47.74
MACD (12,26,9):	-0.7400
Directional Movement:	-2.21
AROON (14):	-42.86
DEMA (21):	80.70
Parabolic SAR (0,02-0,02-0,2):	82.42
Elder Ray (13):	0.50
Super Trend (3,10):	83.98
Zig ZAG (10):	82.01
VORTEX (21):	0.9300
Stochastique (14,3,5):	64.44
TEMA (21):	80.90
Williams %R (14):	-30.75
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	0.2900
ROCnROLL:	-1
TRIX (15,9):	-0.1800
Courbe Coppock:	2.31

MA7:	81.08
MA20:	81.58
MA50:	84.24
MA100:	85.78
MAexp7:	81.44
MAexp20:	81.81
MAexp50:	83.32
MAexp100:	84.00
Price / MA7:	+1.05%
Price / MA20:	+0.43%
Price / MA50:	-2.74%
Price / MA100:	-4.49%
Price / MAexp7:	+0.60%
Price / MAexp20:	+0.15%
Price / MAexp50:	-1.67%
Price / MAexp100:	-2.46%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on MEDTRONIC PLC. at the time of the generation of this analysis was as follows:

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

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