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.

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- 4/10/2026 -
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Medtronic Inc. (MDT) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :The price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was a first positive week for the Medtronic Inc. (MDT). During the week, the MDT climbed 0.58 points, or 0.67%, and closed at 87.21 on Friday, April 10, 2026. Weekly volume was 7% above average.

MDT is a member of Health Care Sector. Health Care is the second 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 (91.17) 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 84.92 on March 31, 2026. MDT lost 20.58 points, or 19.51%, in 7 weeks. The price is now at the 11.13% retracement level.

Weekly Technical Indicators: [See MDT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. 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 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, but getting smaller. It indicates that the current medium-term downtrend 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 March 31, 2026 at 84.92 and reached 88.84 on April 8, 2026. MDT gained -3.92 points, or -4.62%, in 8 days. The price is now at the 41.58% retracement level.

Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 25, 2026. This is an indication that the short-term trend is up.

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.

The distance between the Bollinger Bands (3.67%) is close to one year low (3.36%). It is 57.74% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 54.65
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 57.88
Greed/Fear Indicator (GFI) 63.23
Moving Average Converg./Diverg. (MACD) -2.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.72
Williams' Percentage Range (W%R) 84.00
Oversold
Lane's Stochastic (%D-Slow) 7.01
Strong Oversold
Greed/Fear Indicator (GFI) 21.68
Moving Average Converg./Diverg. (MACD) 0.32
Trading Signals
Description Value Chart
50 Day Moving Average 93.44
Yearly Trendline Support 91.17
Upper Bollinger Band 89.82
Daily Stochastic Crossing 87.44
Price 87.21
20 Day Moving Average 87.10
Lower Bollinger Band 86.61
Weekly Stochastic Crossing 86.20
Parabolic System 84.99
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 14
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 88.84
High Date 04/08/2026
Low 87.07
Low Date 04/10/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.92
Low Date 03/31/2026
High 88.84
High Date 04/08/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.50
High Date 02/04/2026
Low 84.92
Low Date 03/31/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.33
High Date 11/26/2025
Low 84.92
Low Date 03/31/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 110.74
Support 91.17
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.