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Downtrend Broken Resist.Archive
- 4/25/2025 -
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Medtronic Inc. (MDT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Medtronic Inc. (MDT). During the week, the MDT gained 1.56 points, or 1.89%, and closed at 84.16 on Friday, April 25, 2025. Weekly volume was -10% below 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 (56.98) 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 Wedge chart pattern. The trend support level is at 82.52 and resistance is at 95.03. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge 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 relatively high and getting bigger. 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 9, 2025 at 79.55 and reached 85.35 on April 23, 2025. MDT gained -5.80 points, or -7.29%, in 14 days. The price is now at the 20.52% retracement level.
Daily Technical Indicators: [See MDT daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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