US stock / ETF

Medtronic plc

MDT · NYSE · USD

4 hoursRange52%
4h Range probability 96%Range

MDT 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Break either side of $90.26 - $94.7 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 48.5, MACD 0.006

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.9387 (1.01%)

4h

EMA Structure

Bullish
EMA 8$93.19Bearish
EMA 21$92.94Bearish
EMA 50$92.53Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.5 · MACD 0.006

Neutral zone

Strength
Bearish
Volatility
ATR $0.9387 · BB 4.72%

Low volatility

Strength
Bullish
Volume
MFI 38.7 · OBV -5.45%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$90.26 - $94.7

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+3.28% · 3.2 ATR above latest close

$95.64
Nearest resistance

+2.27% · 2.2 ATR above · 34-bar high

$94.7
Current price

Price shown is delayed

$92.6
Nearest support

-2.53% · 2.5 ATR below · 34-bar low

$90.26
Deeper support zone

-3.54% · 3.5 ATR below latest close

$89.32
ATR zone

Latest close ± ATR14

$91.66 - $93.54

Indicators

Trend

Dow Theory Structure

Confirmation $94.66, invalidation $93.1

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

24.3 / 42.6 / 14.3Bullish
Supertrend (10,3)

Price is above Supertrend

$90.36Bullish
Ichimoku Cloud

Cloud Span A / Span B

$93.04 / $94.68Bearish
Donchian Channel (20)

20-period breakout channel position

53%Range

Volatility

ATR (14)

Low volatility

$0.9387 (1.01%)Bullish
Bollinger Bands (20,2)

Width 4.72%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$94.45 / $91.46Bullish
ATR channel lower / upper

Current Volatility Envelope

$91.66 / $93.54Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$94.7Range
Support

Nearest Downside Decision Level

$90.26Range

Momentum

RSI (14)

Neutral zone

48.5Range
MACD (12,26,9)

Histogram is positive

0.006Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

53.2 / 66.6Bearish
Williams %R (14)

Neutral zone

-46.8Range
CCI (20)

Balanced zone

-8.6Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

38.7Bearish
OBV slope

20-period OBV slope

-5.45%Bearish
Volume ratio

Relative to 20-period average volume

3.67xBullish

Trend

Dow Theory Structure

Confirmation $94.66, invalidation $93.1

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

24.3 / 42.6 / 14.3Bullish
Supertrend (10,3)

Price is above Supertrend

$90.36Bullish
Ichimoku Cloud

Cloud Span A / Span B

$93.04 / $94.68Bearish
Donchian Channel (20)

20-period breakout channel position

53%Range

Momentum

RSI (14)

Neutral zone

48.5Range
MACD (12,26,9)

Histogram is positive

0.006Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

53.2 / 66.6Bearish
Williams %R (14)

Neutral zone

-46.8Range
CCI (20)

Balanced zone

-8.6Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$0.9387 (1.01%)Bullish
Bollinger Bands (20,2)

Width 4.72%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$94.45 / $91.46Bullish
ATR channel lower / upper

Current Volatility Envelope

$91.66 / $93.54Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

38.7Bearish
OBV slope

20-period OBV slope

-5.45%Bearish
Volume ratio

Relative to 20-period average volume

3.67xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$94.7Range
Support

Nearest Downside Decision Level

$90.26Range

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