The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Medtronic Inc.
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Summary:
Weekly :Oversold sector
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Medtronic Inc. (MDT). During the week, the MDT dropped -1.25 points, or -1.40%, and closed at 88.33 on Friday, May 10, 2019. MDT was trading at average weekly trading volume.

MDT is a member of Healthcare Sector. Healthcare 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 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 81.16 and resistance is at 105.18. 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 80.11 and resistance is at 109.19. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 29, 2019. The distance between MACD and the signal line is low and getting smaller. 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 February 19, 2019 at 94.59 and reached 82.77 on April 18, 2019. MDT lost 11.82 points, or 12.50%, in 58 days. The chart has formed a Broadening Descending Wedge chart pattern.

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 declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 25, 2019. 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.

The price is close to the moving average in the center of the Bollinger Bands. 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) 72.72
Williams' Percentage Range (W%R) 37.20
Lane's Stochastic (%D-Slow) 65.96
Greed/Fear Indicator (GFI) 67.16
Moving Average Converg./Diverg. (MACD) -0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.03
Williams' Percentage Range (W%R) 54.60
Lane's Stochastic (%D-Slow) 30.69
Greed/Fear Indicator (GFI) 41.08
Moving Average Converg./Diverg. (MACD) -0.36
Trading Signals
Description Value Chart
Yearly Trendline Resistance 105.18
Upper Bollinger Band 91.87
Parabolic System 90.27
50 Day Moving Average 89.49
Daily Stochastic Crossing 88.57
Price 88.33
20 Day Moving Average 87.30
Weekly Stochastic Crossing 86.66
Lower Bollinger Band 84.70
Yearly Trendline Support 81.16
Quarterly Trendline Support 80.11
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Medical Appliances/Equip. 41
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 94.59
High Date 02/19/2019
Low 82.77
Low Date 04/18/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.66
Low Date 01/08/2019
High 94.59
High Date 02/19/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.15
High Date 09/26/2018
Low 81.66
Low Date 01/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 109.19
Support 80.11
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 105.18
Support 81.16
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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