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Archive
7/12/2019
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Archive
- 7/12/2019 -
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Medtronic Inc. (MDT)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is strongly overboughtThe price has risen above the Parabolic SARTrend support at 99.45The price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a second consecutive positive week for the Medtronic Inc. (MDT). During the week, the MDT gained 1.14 points, or 1.16%, and closed at 99.25 on Friday, July 12, 2019. Weekly volume was -22% below average.

Long-term trend: [See MDT long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 24.06 and reached 100.15 on September 26, 2018. MDT gained -76.09 points, or -316.25%, in 498 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 82.37 and resistance is at 106.66. 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 100.15 on September 26, 2018. MDT gained -69.97 points, or -231.84%, in 372 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 81.02 and resistance is at 109.97. 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 24, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend 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 April 18, 2019 at 82.77 and reached 100.00 on July 11, 2019. MDT gained -17.23 points, or -20.82%, in 84 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (99.45) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is below its signal line since June 25, 2019. The distance between MACD and the signal line is low and getting smaller.

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.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.14% on Friday. It is 59.95% lower than one year average. It indicates the period of low volatility of the stock price. 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) 49.14
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 76.53
Greed/Fear Indicator (GFI) 73.98
Moving Average Converg./Diverg. (MACD) 1.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.22
Williams' Percentage Range (W%R) 0.70
Strong Overbought
Lane's Stochastic (%D-Slow) 91.86
Strong Overbought
Greed/Fear Indicator (GFI) 86.18
Overbought
Moving Average Converg./Diverg. (MACD) 0.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 109.97
Yearly Trendline Resistance 106.66
Weekly Trendline Resistance 104.17
Daily Stochastic Crossing 99.59
Weekly Trendline Support 99.45
Upper Bollinger Band 99.42
Price 99.25
Weekly Stochastic Crossing 98.83
20 Day Moving Average 98.40
Parabolic System 96.75
Lower Bollinger Band 96.29
50 Day Moving Average 94.31
Yearly Trendline Support 82.37
Quarterly Trendline Support 81.02
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Medical Appliances/Equip. 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 96.52
Low Date 06/27/2019
High 100.00
High Date 07/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 104.17
Support 99.45
Low 82.77
Low Date 04/18/2019
High 100.00
High Date 07/11/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.66
Low Date 01/08/2019
High 100.00
High Date 07/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 109.97
Support 81.02
Low 30.18
Low Date 08/09/2011
High 100.15
High Date 09/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 106.66
Support 82.37
Low 24.06
Low Date 03/09/2009
High 100.15
High Date 09/26/2018
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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