The Greedy Trader Weekly Analysis
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- 5/22/2026 -
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Medtronic Inc. (MDT) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance lineRelative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :Daily  MACD line has moved above its signal line
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It was a second positive week after 4 consecutive negative weeks for the Medtronic Inc. (MDT). During the week, the MDT gained 2.45 points, or 3.22%, and closed at 78.60 on Friday, May 22, 2026. It was the best weekly gain since January 23, 2026. Weekly volume was 25% above average.

MDT is a member of Health Care Sector. Health Care is the most oversold 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 (92.25) 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 February 4, 2026 at 105.50 and reached 74.40 on May 11, 2026. MDT lost 31.10 points, or 29.48%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (70.88) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See MDT weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 11, 2026 at 74.40 and reached 79.25 on May 22, 2026. MDT gained -4.85 points, or -6.52%, in 11 days. The price is now at the 13.40% retracement level.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.22
Williams' Percentage Range (W%R) 58.50
Lane's Stochastic (%D-Slow) 80.00
Greed/Fear Indicator (GFI) 57.56
Moving Average Converg./Diverg. (MACD) -2.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 15.77
Oversold
Williams' Percentage Range (W%R) 87.10
Oversold
Lane's Stochastic (%D-Slow) 9.82
Strong Oversold
Greed/Fear Indicator (GFI) 18.99
Oversold
Moving Average Converg./Diverg. (MACD) -2.46
Trading Signals
Description Value Chart
Yearly Trendline Support 92.25
50 Day Moving Average 83.18
Upper Bollinger Band 83.02
Daily Stochastic Crossing 78.65
Price 78.60
20 Day Moving Average 78.22
Monthly Trendline Resistance 76.56
Parabolic System 76.33
Weekly Stochastic Crossing 75.98
Lower Bollinger Band 75.06
Monthly Trendline Support 70.88
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Health Care Equipment 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.40
Low Date 05/13/2026
High 79.25
High Date 05/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.40
Low Date 05/11/2026
High 79.25
High Date 05/22/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 76.56
Support 70.88
High 105.50
High Date 02/04/2026
Low 74.40
Low Date 05/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.33
High Date 11/26/2025
Low 74.40
Low Date 05/11/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 112.26
Support 92.25
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.