US stock / ETF

Medtronic plc

MDT · NYSE · USD

1 weekBearish92%
Weekly Downside probability 92%Bearish

MDT 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $84.29 and stabilize above resistance $106.3.

Invalidation Trigger

Break above $106.3 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 42.4, MACD -0.149

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $4.13 (5.1%)

Weekly

EMA Structure

Bearish
EMA 8$80.19Bullish
EMA 21$84.29Bearish
EMA 50$88.09Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.4 · MACD -0.149

Momentum is weak

Strength
Bearish
Volatility
ATR $4.13 · BB 33.29%

High volatility

Strength
Bearish
Volume
MFI 48.1 · OBV -64.98%

Relative to 20-period average volume

Strength
Range
Price Levels
$73.32 - $106.3

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+36.37% · 7.1 ATR above latest close

$110.43
Nearest resistance

+31.27% · 6.1 ATR above · 34-bar high

$106.3
Current price

Price shown is delayed

$80.98
Nearest support

-9.46% · 1.9 ATR below · 34-bar low

$73.32
Deeper support zone

-14.56% · 2.9 ATR below latest close

$69.19
ATR zone

Latest close ± ATR14

$76.85 - $85.11

Indicators

Trend

Dow Theory Structure

Confirmation $73.32, invalidation $82.83

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

49.2 / 14.9 / 28.3Bearish
Supertrend (10,3)

Price is above Supertrend

$66.79Bullish
Ichimoku Cloud

Cloud Span A / Span B

$84.03 / $89.81Bearish
Donchian Channel (20)

20-period breakout channel position

25%Bearish

Volatility

ATR (14)

High volatility

$4.13 (5.1%)Bearish
Bollinger Bands (20,2)

Width 33.29%

37%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$93.16 / $74.87Bearish
ATR channel lower / upper

Current Volatility Envelope

$76.85 / $85.11Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$106.3Range
Support

Nearest Downside Decision Level

$73.32Range

Momentum

RSI (14)

Momentum is weak

42.4Bearish
MACD (12,26,9)

Histogram is negative

-0.149Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

48.3 / 41.3Bullish
Williams %R (14)

Neutral zone

-51.7Range
CCI (20)

Balanced zone

-49.9Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

-64.98%Bearish
Volume ratio

Relative to 20-period average volume

0.92xRange

Trend

Dow Theory Structure

Confirmation $73.32, invalidation $82.83

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

49.2 / 14.9 / 28.3Bearish
Supertrend (10,3)

Price is above Supertrend

$66.79Bullish
Ichimoku Cloud

Cloud Span A / Span B

$84.03 / $89.81Bearish
Donchian Channel (20)

20-period breakout channel position

25%Bearish

Momentum

RSI (14)

Momentum is weak

42.4Bearish
MACD (12,26,9)

Histogram is negative

-0.149Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

48.3 / 41.3Bullish
Williams %R (14)

Neutral zone

-51.7Range
CCI (20)

Balanced zone

-49.9Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$4.13 (5.1%)Bearish
Bollinger Bands (20,2)

Width 33.29%

37%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$93.16 / $74.87Bearish
ATR channel lower / upper

Current Volatility Envelope

$76.85 / $85.11Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

48.1Range
OBV slope

20-period OBV slope

-64.98%Bearish
Volume ratio

Relative to 20-period average volume

0.92xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$106.3Range
Support

Nearest Downside Decision Level

$73.32Range

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