RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MDT
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Evaluation of Medtronic plc stock downgraded after the last trading session.
(Updated on Jul 19, 2024)

Sell candidate since Jul 19, 2024 PDF

The Medtronic plc stock price fell by -2.13% on the last day (Friday, 19th Jul 2024) from $81.21 to $79.48. During the last trading day the stock fluctuated 2.85% from a day low at $79.41 to a day high of $81.67. The price has been going up and down for this period, and there has been a 2.41% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -915 thousand shares and in total, 7 million shares were bought and sold for approximately $583.00 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.82% during the next 3 months and, with a 90% probability hold a price between $72.55 and $79.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MDT Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 08, 2024, and so far it has risen 3.44%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Medtronic plc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $80.02. On a fall, the stock will find some support from the short-term average at $79.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Medtronic plc stock

Medtronic plc finds support from accumulated volume at $79.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.26 (2.85%) between high and low. For the last week, the stock has had daily average volatility of 3.05%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MDT) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Medtronic plc to open at $80.19, and during the day (based on 14 day Average True Range), to move between $77.88 and $81.08, which gives a possible trading interval of +/-$1.60 (+/-2.02%) up or down from last closing price. If Medtronic plc takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $79.33 (0.19%) than the resistance at $81.04 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Medtronic plc stock A Buy?

Medtronic plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.709 Sell Candidate Downgraded

Predicted Opening Price for Medtronic plc of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$80.19 ( 0.89%) $79.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MDT

Fibonacci Support & Resistance Levels

Level Price
R3 82.45 3.73%
R2 81.58 2.65%
R1 81.05 1.98%
Price 79.48
S1 79.32 -0.197%
S2 78.79 -0.87%
S3 77.93 -1.95%

Accumulated Volume Support & Resistance Levels

Level Price
R3 81.38 2.39%
R2 81.37 2.38%
R1 81.04 1.96%
Price 79.48
S1 79.33 -0.189%
S2 78.10 -1.74%
S3 77.12 -2.97%

MDT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 22, 2024 Jun 28, 2024 Jul 12, 2024 $0.700 0.90%
2 Mar 07, 2024 Mar 21, 2024 Apr 12, 2024 $0.690 0.86%
3 Dec 07, 2023 Dec 19, 2023 Jan 12, 2024 $0.690 0.789%
4 Aug 17, 2023 Sep 21, 2023 Oct 13, 2023 $0.690 0.96%
5 May 24, 2023 Jun 22, 2023 Jul 14, 2023 $0.690 0.787%

FAQ

What is the symbol for Medtronic plc Stock and on which exchange is it traded?
The symbol for Medtronic plc is MDT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Medtronic plc Stock?
Medtronic plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Medtronic plc Stock?
Medtronic plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Medtronic plc Stock.

What's the current price of Medtronic plc Stock?
As of the end of day on the Jul 19, 2024, the price of an Medtronic plc (MDT) share was $79.48.

What is the 52-week high and low for Medtronic plc Stock?
The 52-week high for Medtronic plc Stock is $91.00 and the 52-week low is $68.85.

What is the market capitalization of Medtronic plc Stock?
As of the Jul 19, 2024, the market capitalization of Medtronic plc is 101.915B.

When is the next earnings date for Medtronic plc?
The upcoming earnings date for Medtronic plc is Aug 20, 2024.
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About Medtronic plc

Medtronic plc Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. It also provides ... MDT Profile

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