Medtronic stock: buy or sell

MDT stock price: $130.52 0.23% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

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Medtronic stock brief

  • Medtronic closed on Wednesday at $130.52 after scarcely changing a 0.23%.
  • The price is currently over the upper Bollinger band, which usually indicates a short-term correction
  • The stock is configuring an uptrend pattern since early June, when it bottomed at $119.92. This rally marked a 8.84% gain. Medtronic gained a 1.38% since Tuesday after breaking out over its last top at $128.74
  • On Tuesday broke out above its latest top at $128.74
  • Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide.

Should I buy Medtronic stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $MDT stock a buy?

Following Stock2 trading strategies, there are 2 buy setups eligible for Medtronic:

Uptrend buy setup

Medtronic stock is in an uptrend since in early June that so far has marked a gorgeous 9.00% gain. Price marked a pull back in this uptrend at $121.93 on July 19, and since then it bounced off a 7.05%. Price just broke out above the entry point at $128.74, but it can be traded. If price goes above $135.18, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $118.27

Buy setupBuy pointStop lossRisk
Uptrend buy setup$128.74$118.278.13%

ATH buy setup

All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it scales rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Medtronic can break to ATH any time soon, as it only needs to go up a 0.86%. The buy point is at $131.64 if you want to trade with this strategy. Arm your stop-loss at $118.48

Buy setupBuy pointStop lossRisk
ATH buy setup$131.64$118.4810.00%

Should I sell Medtronic stock?

When you own a stock with some profit, it's really difficult to decide the best moment to sell and get your benefits. Just as when we have to buy shares, deciding when is the best time to sell is not a haphazard decision, and we must follow our own trading style. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups should not be used for selling short Medtronic stock

A guiding principle is that you should not keep an operation that results in losses greater than those expected at the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Medtronic stock?

Currently, Medtronic stock doesn't match any of our preferred sell setups, so if you own Medtronic stock and your operation is in profit probably is not time to sell now

Medtronic ratings

We don't have any rating published in the last month for Medtronic

Medtronic stock analysis

Medtronic shares started an uptrend in early June, and gained an amazing 8.84%. Rising peaks and troughs can be seen easily on a chart and how price provided very few entry points on the breakouts. Latest pullback was on July 19, when price bounced at $121.93. On Tuesday, Medtronic broke out above its last top ($128.74) giving a good buy point

SMAs overview

MDT stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $131.64 (0.86% above)
  • The current supports are:

  • S1: $128.74 (-1.36% below)
  • S2: $128.50 (-1.55% below)
  • S3: $122.24 (-6.34% below)
  • Bollinger bands

    Price readings above or below the Bollinger Bands tell us that the price has has trended strongly to extreme upward or downward values. In this case, the price is over the upper band, meaning a near-term corrective movement (at least) until it is below the band

    MDT stock Bollinger Bands chart

    Relative strength index

    When the moves for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator becomes of little use, and we are currently in such a case.

    MDT stock RSI chart

    Medtronic stock price history

    Medtronic IPO was on May 2nd, 1973 priced at $0.00 per share1. Since then, MDT stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Medtronic stock on May 1973, it would worth $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    MDT stock price history chart

    Price target for Medtronic stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    The following table shows the price forecasts published by financial institutions for the last 30 days. Again, these forecasts are not direct recommendations for small traders and must not be trusted blindly.

    In the last month we couldn't find any price target posted for Medtronic stock.

    Earnings and financials

    Medtronic plc ($MDT) came out with quarterly earnings of $1.50 per share last May, slightly upping the Wall St consensus estimate of $1.42 per share. This Q4 report means an earnings surprise of 5.63%. On the contrary, the company reported turnover for this quarter was $8.2 billion consistent with analysts' forecasts.

    This compares to Earnings of $0.58 per share same quarter last year, so reported EPS is an increase of 158.62%. Revenue skyrocketed a 36.53% on an annualized basis in the , from $60.0B to $81.9B last quarter.

    Medtronic ($MDT) presents quarterly financial report late next August. Market analysts analysts expect of $1.32, that is a 12.00% lower than previous quarter.

    Medtronic performance

    MDT performance compared
    Company1m3m6m
    Medtronic ($MDT) 5.30% -0.70% 17.50%

    Important:
    The opinions published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not know the individual scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for education reasons only

    Medtronic summary

    Wednesday, July 28th, 2021
    Open$130.22
    Close$130.52
    Day range$129.72 - $131.14
    Previous close$130.22
    Session gain0.23%
    Average true range$2.30
    50d mov avg$125.44
    100d mov avg$123.87
    200d mov avg$117.91
    Earnings dateAugust 24th, 2021

    Frequently asked questions

    What is Medtronic stock symbol?

    Medtronic plc is a public company trading in the US stock market with the MDT symbol

    Is Medtronic stock a buy or sell?

    Medtronic had no ratings in the last four weeks Read the article to get additional tips on trading MDT stock.

    Will MDT go up?

    There were no forecasts posted by market analysts in the last 4 weeks for Medtronic.