MEDTRONIC PLC (2M6.DE) Stock Technical Analysis
FRA:2M6 - Deutsche Boerse Ag - IE00BTN1Y115 - Common Stock - Currency: EUR
Overall 2M6 gets a technical rating of 7 out of 10. In the last year, 2M6 was one of the better performers, but we do observe some doubts in the very recent evolution.
Warning: 2M6 has an average volume of 1533 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that 2M6 is one of the better performing stocks in the market, outperforming 75% of all stocks.
2M6 is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so 2M6 slightly outperforms the market at the moment.
In the last month 2M6 has a been trading in the 82.07 - 90.81 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
2M6 is an average performer in the Health Care Equipment & Supplies industry, it outperforms 66% of 55 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, 2M6 also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 84.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for 2M6 in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
76.29
90.79
When analyzing the support we can see 4 important areas.
- A support zone ranging from 84.14 to 84.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @82.24 from a horizontal line in the daily time frame.
- A support zone ranging from 79.34 to 79.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 77.06 to 77.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 86.74 to 89.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.28
Mansfield0.58
10 Day High90.81
10 Day Low85.19
20 Day High90.81
20 Day Low82.07
52 Week High90.81
52 Week Low70.1
Performance
1 Week-1.19%
2 Weeks0.44%
1 Month-1%
3 Month8.34%
6 Month6.76%
12 Month10.26%
2 Year17.14%
3 Year-14.5%
5 Year3.2%
10 Year18.03%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)49.87
LBB82.1
UBB90.47
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 |
|---|---|---|---|
| 87.33 | 85.18 | 2.15 (2.47%) | 25.00% |
| An entry @87.33. This is a Buy Stop order right above the 10 day moving average. | An exit @85.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.15 points, which is 2.47%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of 2M6. Please evaluate whether better entry and exit points can be found.
- 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.
FRA:2M6 (3/7/2025, 7:00:00 PM)
86.4
-0.04 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.05%
1 Week-1.19%
2 Weeks0.44%
1 Month-1%
3 Month8.34%
6 Month6.76%
12 Month10.26%
2 Year17.14%
3 Year-14.5%
5 Year3.2%
10 Year18.03%
15 YearN/A
Volatility
ATR(14)2.16
ATR(20)%2.17%
ATR Inc-13.71%
Range Today1.47
ADR(20)1.77
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.28
Mansfield0.58
10 Day High90.81
10 Day Low85.19
20 Day High90.81
20 Day Low82.07
52 Week High90.81
52 Week Low70.1
CS1 End84.68
CR1 Start86.74
Volume & EV
DER(3)6.81%
DER(5)5.91%
Volume1.11K
Volume Incr122.86%
Vol(5)3.30K
Vol(50)1.53K