The Greedy Trader Weekly Analysis
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- 7/31/2026 -
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Medtronic Inc. (MDT) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Medtronic Inc. (MDT). During the week, the MDT gained 2.18 points, or 2.62%, and closed at 85.39 on Friday, July 31, 2026. Weekly volume was 11% above average.

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 October 30, 2023 at 68.84 and reached 106.33 on November 26, 2025. MDT gained -37.49 points, or -54.46%, in 108 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (93.95) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See MDT medium-term trend chart]
A medium-term downtrend had started on November 26, 2025 at 106.33 and reached 73.31 on June 2, 2026. MDT lost 33.02 points, or 31.05%, in 26 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 64.52 and resistance is at 103.30. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 above its signal line since July 2, 2026. 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 July 14, 2026 at 78.97 and reached 88.98 on July 28, 2026. MDT gained -10.01 points, or -12.68%, in 14 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (85.88) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily technical indicators are neutral.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.01
Williams' Percentage Range (W%R) 36.50
Lane's Stochastic (%D-Slow) 69.21
Greed/Fear Indicator (GFI) 62.58
Moving Average Converg./Diverg. (MACD) 1.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.24
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 74.72
Greed/Fear Indicator (GFI) 65.55
Moving Average Converg./Diverg. (MACD) -3.49
Trading Signals
Description Value Chart
Yearly Trendline Support 93.95
Weekly Trendline Resistance 90.48
Upper Bollinger Band 87.27
Daily Stochastic Crossing 86.40
Weekly Stochastic Crossing 86.29
Weekly Trendline Support 85.88
Price 85.39
20 Day Moving Average 83.39
50 Day Moving Average 80.81
Parabolic System 80.41
Lower Bollinger Band 79.60
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Equipment 71
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 88.98
High Date 07/28/2026
Low 83.84
Low Date 07/31/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 90.48
Support 85.88
Low 78.97
Low Date 07/14/2026
High 88.98
High Date 07/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.31
Low Date 06/02/2026
High 88.98
High Date 07/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 103.30
Support 64.52
High 106.33
High Date 11/26/2025
Low 73.31
Low Date 06/02/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 114.65
Support 93.95
Low 68.84
Low Date 10/30/2023
High 106.33
High Date 11/26/2025
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.