Medtronic stock: buy or sell
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 setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $128.74 | $118.27 | 8.13% |
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 setup | Buy point | Stop loss | Risk |
| ATH buy setup | $131.64 | $118.48 | 10.00% |
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
Supports and resistances
The current resistance levels are:
The current supports are:
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
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.
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 $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Medtronic stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
The following table shows the price forecasts published by financial institutions for the last 30 days. Again, these forecasts are not direct recommendations for small traders and must not be trusted blindly.
In the last month we couldn't find any price target posted for Medtronic stock.
Earnings and financials
Medtronic plc ($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 $1.32, that is a 12.00% lower than previous quarter.
Medtronic performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Medtronic ($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 onlyMedtronic summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $130.22 |
| Close | $130.52 |
| Day range | $129.72 - $131.14 |
| Previous close | $130.22 |
| Session gain | 0.23% |
| Average true range | $2.30 |
| 50d mov avg | $125.44 |
| 100d mov avg | $123.87 |
| 200d mov avg | $117.91 |
| Earnings date | August 24th, 2021 |