(MDT) Proactive Strategies

October 29, 2024, 13:58 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MDT

• Buy MDT near 87 target 92.11 stop loss @ 86.75 Details

The technical summary data tells us to buy MDT near 87 with an upside target of 92.11. This data also tells us to set a stop loss @ 86.75 to protect against excessive loss in case the stock begins to move against the trade. 87 is the first level of support below 91.02 , and by rule, any test of support is a buy signal. In this case, support 87 is being tested, a buy signal would exist.

• Short MDT slightly under 92.11, target 87, stop loss @ 92.38 Details

The technical summary data is suggesting a short of MDT as it gets near 92.11 with a downside target of 87. We should have a stop loss in place at 92.38though. 92.11 is the first level of resistance above 91.02, and by rule, any test of resistance is a short signal. In this case, if resistance 92.11 is being tested, a short signal would exist.

Swing Trading Plans for MDT

• Buy MDT slightly over 92.28, target n/a, Stop Loss @ 92.01 Details

If 92.28 begins to break higher, the technical summary data tells us to buy MDT just slightly over 92.28, with an upside target of n/a. The data also tells us to set a stop loss @ 92.01 in case the stock turns against the trade. 92.28 is the first level of resistance above 91.02, and by rule, any break above resistance is a buy signal. In this case, 92.28, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MDT slightly near 92.28, target 90.8, Stop Loss @ 92.55. Details

The technical summary data is suggesting a short of MDT if it tests 92.28 with a downside target of 90.8. We should have a stop loss in place at 92.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 92.28, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MDT

• Buy MDT slightly over 91.56, target 92.28, Stop Loss @ 91.35 Details

If 91.56 begins to break higher, the technical summary data tells us to buy MDT just slightly over 91.56, with an upside target of 92.28. The data also tells us to set a stop loss @ 91.35 in case the stock turns against the trade. 91.56 is the first level of resistance above 91.02, and by rule, any break above resistance is a buy signal. In this case, 91.56, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MDT slightly near 91.56, target 90.8, Stop Loss @ 91.77. Details

The technical summary data is suggesting a short of MDT if it tests 91.56 with a downside target of 90.8. We should have a stop loss in place at 91.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 91.56, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Medtronic Plc. (MDT) available here: MDT.

MDT Ratings for October 29:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	81.72
P2	90.38	90.8	87
P3	91.56	92.28	92.11

AI Generated Signals for MDT

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Don't over think it!  Trading Medtronic Plc. (NYSE: MDT) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for MDT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if MDT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for MDT too.  All of these are offered below the Summary Table.