Medtronic stock: buy or sell

MDT stock price: $116.75 -0.13% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

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Medtronic stock brief

  • Medtronic stock scarcely changed -0.13% to close at $116.75 on the stock market on Tuesday.
  • The stock is configuring an uptrend pattern since last October, when it bottomed at $98.45. This rally marked a 18.59% gain
  • Medtronic plc develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide.

Should I buy Medtronic stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?

Currently, Medtronic stock matches one trading strategy:

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 all-time highs is that shares price doesn't struggle with upper resistances, and usually it scales quickly. 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. Price is now at 2.67% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $119.87. Set your stop-loss at $107.88

Buy setupBuy pointStop lossRisk
ATH buy setup$119.87$107.8810.00%

Should I sell Medtronic stock?

Do you know when is it time to sell Medtronic?. Trading strategies allow us to avoid impulsive decisions based on our personal sentiments or the noise surrounding the market. When selling, as well as buying, detailed strategies are very simple to use and are only valid for selling shares in your porfolio, not for shorting Medtronic stock

As a golden rule, you should never keep an operation that results in losses greater than those expected by the time of the buy. When to sell shares should always be dictated 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

In the previous month we couldn't find any rating for Medtronic

Medtronic stock analysis

Medtronic shares started an uptrend last October, and grew an amazing 18.59%. Rising tops and bottoms can be seen easily on a chart and how price gave very few buy points on the breakouts. Latest low was last November, when price bounced at $108.06. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $119.87 and $108.06

SMAs overview

MDT stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $119.32 (2.20% above)
  • R2: $119.87 (2.67% above)
  • The current support levels are:

  • S1: $115.63 (-0.96% below)
  • S2: $111.92 (-4.14% below)
  • S3: $111.28 (-4.69% below)
  • Bollinger bands

    The evolution of the Bollinger Bands on the chart reveals that they are fairly narrow (less than 5%), which clearly indicates that price volatility is low. The narrowness of the Bollinger bands is generally a sign of a sudden price movement (up or down), so we must be watchful and manage our buy or sell orders properly

    MDT stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for several weeks, and therefore, without this indicator really being helpful in making any decisions.

    MDT stock RSI chart

    Medtronic stock price history

    Medtronic started trading priced at an adjusted price1 of $0.00 on May 1973. Since then, MDT stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on May 1973 would worth $inf nowadays.

    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 stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. Again, these estimates are not direct recommendations for small traders and must not be trusted blindly.

    We don't have any target price posted in the previous month for Medtronic.

    Earnings and financials

    Medtronic plc ($MDT) reported earnings of $1.02 per share last November, strongly improving the Market consensus estimate of $0.80 per share. This quarterly report represents an earnings surprise of 27.50%. Forecasted turnover for Q2 was $7.1 billion but Medtronic slightly improved by 7.70%, reporting $7.6 billion.

    This compares to Earnings of $1.31 per share same quarter last year, so reported EPS is a decrease of -22.14%. Sales merely moved on an annualized basis in the , from $77.1B to $76.5B last quarter.

    Medtronic ($MDT) will host the quarterly earnings call mid next February. Wall Street predicts of $1.15, compared to previous quarter that made $1.02.

    Medtronic performance

    MDT performance compared
    Company1m3m6m
    Medtronic ($MDT) 2.30% 6.70% 22.70%

    Important note:
    The opinions contained in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational purposes only

    Medtronic summary

    Tuesday, January 26th, 2021
    Open$117.03
    Close$116.75
    Day range$116.57 - $117.54
    Previous close$116.9
    Session gain-0.13%
    Average true range$2.38
    50d mov avg$114.35
    100d mov avg$109.79
    200d mov avg$102.77
    Earnings dateFebruary 16th, 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 price targets published by analysts in the last 30 days for Medtronic.