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- 5/29/2020 -
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Medtronic Inc. (MDT)

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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Medtronic Inc. (MDT). During the week, the MDT gained 3.86 points, or 4.08%, and closed at 98.58 on Friday, May 29, 2020. MDT was trading at average weekly trading volume.

MDT is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MDT long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 24.06 and reached 122.15 on January 22, 2020. MDT gained -98.09 points, or -407.69%, in 567 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 90.48 and resistance is at 110.91. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See MDT medium-term trend chart]
A medium-term uptrend had started on August 9, 2011 at 30.18 and reached 122.15 on January 22, 2020. MDT gained -91.97 points, or -304.74%, in 441 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 90.33 and resistance is at 112.09. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See MDT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 14, 2020. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See MDT short-term trend chart]
A short-term uptrend had started on May 14, 2020 at 89.65 and reached 100.15 on May 18, 2020. MDT gained -10.50 points, or -11.71%, in 4 days. The price is now at the 14.95% retracement level.

Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.06
Williams' Percentage Range (W%R) 14.10
Overbought
Lane's Stochastic (%D-Slow) 66.84
Greed/Fear Indicator (GFI) 67.27
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.91
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 75.18
Greed/Fear Indicator (GFI) 59.23
Moving Average Converg./Diverg. (MACD) -2.85
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 112.09
Yearly Trendline Resistance 110.91
Upper Bollinger Band 100.46
Price 98.58
Weekly Stochastic Crossing 98.35
Daily Stochastic Crossing 97.86
20 Day Moving Average 96.60
Monthly Trendline Resistance 94.56
50 Day Moving Average 94.42
Monthly Trendline Support 94.03
Lower Bollinger Band 93.02
Parabolic System 91.85
Yearly Trendline Support 90.48
Quarterly Trendline Support 90.33
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Equipment 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 89.65
Low Date 05/14/2020
High 100.15
High Date 05/18/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.13
Low Date 03/18/2020
High 103.55
High Date 04/17/2020
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 94.56
Support 94.03
High 122.15
High Date 01/22/2020
Low 72.13
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 112.09
Support 90.33
Low 30.18
Low Date 08/09/2011
High 122.15
High Date 01/22/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 110.91
Support 90.48
Low 24.06
Low Date 03/09/2009
High 122.15
High Date 01/22/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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