US stock / ETF

Medtronic plc

MDT · NYSE · USD

4 hoursBullish74%
4h Upside probability 74%Bullish

MDT 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $78.97 and reclaim $85.

Invalidation Trigger

Lose $78.97 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 54.6, MACD 0.238

4h
Volatility EnvironmentBullish
Low volatility

ATR is $1.2 (1.44%)

4h

EMA Structure

Bullish
EMA 8$82.82Bullish
EMA 21$82.37Bullish
EMA 50$81.99Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.6 · MACD 0.238

Neutral zone

Strength
Bullish
Volatility
ATR $1.2 · BB 8.41%

Low volatility

Strength
Bullish
Volume
MFI 46.8 · OBV -2.86%

Relative to 20-period average volume

Strength
Range
Price Levels
$78.97 - $85

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.61% · 2.5 ATR above latest close

$86.2
Nearest resistance

+2.16% · 1.5 ATR above · 34-bar high

$85
Current price

Price shown is delayed

$83.2
Nearest support

-5.08% · 3.5 ATR below · 34-bar low

$78.97
Deeper support zone

-6.53% · 4.5 ATR below latest close

$77.77
ATR zone

Latest close ± ATR14

$82 - $84.4

Indicators

Trend

Dow Theory Structure

Confirmation $78.97, invalidation $84.31

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

Trend strength is moderate

19.5 / 40.6 / 6.6Bullish
Supertrend (10,3)

Price is above Supertrend

$79.42Bullish
Ichimoku Cloud

Cloud Span A / Span B

$82.16 / $81.91Bullish
Donchian Channel (20)

20-period breakout channel position

73%Bullish

Volatility

ATR (14)

Low volatility

$1.2 (1.44%)Bullish
Bollinger Bands (20,2)

Width 8.41%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$84.89 / $79.87Bullish
ATR channel lower / upper

Current Volatility Envelope

$82 / $84.4Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$85Range
Support

Nearest Downside Decision Level

$78.97Range

Momentum

RSI (14)

Neutral zone

54.6Range
MACD (12,26,9)

Histogram is positive

0.238Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.7 / 75.1Bearish
Williams %R (14)

Neutral zone

-28.3Range
CCI (20)

Balanced zone

44.2Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.8Range
OBV slope

20-period OBV slope

-2.86%Bearish
Volume ratio

Relative to 20-period average volume

1.43xBullish

Trend

Dow Theory Structure

Confirmation $78.97, invalidation $84.31

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

Trend strength is moderate

19.5 / 40.6 / 6.6Bullish
Supertrend (10,3)

Price is above Supertrend

$79.42Bullish
Ichimoku Cloud

Cloud Span A / Span B

$82.16 / $81.91Bullish
Donchian Channel (20)

20-period breakout channel position

73%Bullish

Momentum

RSI (14)

Neutral zone

54.6Range
MACD (12,26,9)

Histogram is positive

0.238Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

71.7 / 75.1Bearish
Williams %R (14)

Neutral zone

-28.3Range
CCI (20)

Balanced zone

44.2Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$1.2 (1.44%)Bullish
Bollinger Bands (20,2)

Width 8.41%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$84.89 / $79.87Bullish
ATR channel lower / upper

Current Volatility Envelope

$82 / $84.4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.8Range
OBV slope

20-period OBV slope

-2.86%Bearish
Volume ratio

Relative to 20-period average volume

1.43xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$85Range
Support

Nearest Downside Decision Level

$78.97Range

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