The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 6/20/2025 -
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Medtronic Inc. (MDT) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the Medtronic Inc. (MDT). During the week, the MDT dropped -0.93 points, or -1.07%, and closed at 86.34 on Friday, June 20, 2025. Weekly volume was 40% above average.

Long-term trend: [See MDT long-term trend chart]
A long-term downtrend had started on September 9, 2021 at 135.89 and reached 68.84 on October 30, 2023. MDT lost 67.05 points, or 49.34%, in 111 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (55.77) 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 long-term trend.

Medium-term trend: [See MDT medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 68.84 and reached 96.25 on March 10, 2025. MDT gained -27.41 points, or -39.82%, in 71 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 82.59 and resistance is at 98.71. 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 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 28, 2025. 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 uptrend had started on May 23, 2025 at 79.93 and reached 88.77 on June 16, 2025. MDT gained -8.84 points, or -11.06%, in 24 days. The price is now at the 27.49% retracement level.

Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 June 2, 2025. 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.50
Williams' Percentage Range (W%R) 29.70
Lane's Stochastic (%D-Slow) 41.45
Greed/Fear Indicator (GFI) 59.40
Moving Average Converg./Diverg. (MACD) 0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.04
Williams' Percentage Range (W%R) 60.50
Lane's Stochastic (%D-Slow) 56.49
Greed/Fear Indicator (GFI) 48.03
Moving Average Converg./Diverg. (MACD) -0.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 98.71
Upper Bollinger Band 91.28
Parabolic System 88.79
Daily Stochastic Crossing 86.52
Price 86.34
20 Day Moving Average 85.21
Weekly Stochastic Crossing 85.15
Monthly Trendline Resistance 85.15
50 Day Moving Average 84.55
Quarterly Trendline Support 82.59
Lower Bollinger Band 80.70
Monthly Trendline Support 80.15
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Equipment 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.93
Low Date 05/23/2025
High 88.77
High Date 06/16/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.55
Low Date 04/09/2025
High 88.77
High Date 06/16/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 85.15
Support 80.15
High 96.25
High Date 03/10/2025
Low 79.55
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 98.71
Support 82.59
Low 68.84
Low Date 10/30/2023
High 96.25
High Date 03/10/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 35.43
Support 55.77
High 135.89
High Date 09/09/2021
Low 68.84
Low Date 10/30/2023
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.