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Archive
- 7/17/2026 -
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Medtronic Inc. (MDT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Medtronic Inc. (MDT). During the week, the MDT gave back -0.67 points, or -0.80%, and closed at 83.20 on Friday, July 17, 2026. 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 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 (93.59) 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 66.67 and resistance is at 103.48. 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. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See MDT short-term trend chart]
A short-term downtrend had started on July 7, 2026 at 85.99 and reached 78.97 on July 14, 2026. MDT lost 7.02 points, or 8.16%, in 7 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (83.38). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 16, 2026. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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