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Archive
- 9/6/2019 -
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Medtronic Inc. (MDT) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Medtronic Inc. (MDT). During the week, the MDT climbed 0.80 points, or 0.74%, and closed at 108.69 on Friday, September 6, 2019. Weekly volume was -20% 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 109.70 on August 20, 2019. MDT gained -85.64 points, or -355.94%, in 545 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (107.63). 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 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 109.70 on August 20, 2019. MDT gained -79.52 points, or -263.49%, in 419 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (110.96). 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 medium-term trend.
 Weekly Technical Indicators: [See MDT weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 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 109.70 on August 20, 2019. MDT gained -26.93 points, or -32.54%, in 124 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 104.14 and resistance is at 109.86. 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 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 August 19, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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