The Greedy Trader Weekly Analysis
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- 5/15/2026 -
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Medtronic Inc. (MDT) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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During the week, the MDT has not change and closed at 76.15 on Friday, May 15, 2026. Weekly volume was 24% 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 (92.07) 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 trend support level is at 72.75 and resistance is at 78.22. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See MDT weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 8, 2026 at 88.84 and reached 74.40 on May 11, 2026. MDT lost 14.44 points, or 16.25%, in 33 days. The price is now at the 12.12% retracement level.

Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since April 20, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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) 29.82
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 30.21
Greed/Fear Indicator (GFI) 26.86
Moving Average Converg./Diverg. (MACD) -2.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 7.50
Strong Oversold
Williams' Percentage Range (W%R) 91.60
Strong Oversold
Lane's Stochastic (%D-Slow) 7.03
Strong Oversold
Greed/Fear Indicator (GFI) 15.86
Oversold
Moving Average Converg./Diverg. (MACD) -1.97
Trading Signals
Description Value Chart
Upper Bollinger Band 85.64
50 Day Moving Average 84.33
20 Day Moving Average 79.55
Monthly Trendline Resistance 78.22
Daily Stochastic Crossing 76.16
Price 76.15
Weekly Stochastic Crossing 75.28
Parabolic System 74.33
Lower Bollinger Band 73.47
Monthly Trendline Support 72.75
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Health Care Equipment 14
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.40
Low Date 05/13/2026
High 77.38
High Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.84
High Date 04/08/2026
Low 74.40
Low Date 05/11/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 78.22
Support 72.75
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 112.01
Support 92.07
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.