(MDT) On The My Stocks Page

December 11, 2024, 12:04 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MDT

• Buy MDT near 81.65 target 86.64 stop loss @ 81.41 Details

The technical summary data tells us to buy MDT near 81.65 with an upside target of 86.64. This data also tells us to set a stop loss @ 81.41 to protect against excessive loss in case the stock begins to move against the trade. 81.65 is the first level of support below 83.56 , and by rule, any test of support is a buy signal. In this case, support 81.65 would be being tested, so a buy signal would exist.

• Short MDT slightly under 86.64, target 81.65, stop loss @ 86.89 Details

The technical summary data is suggesting a short of MDT as it gets near 86.64 with a downside target of 81.65. We should have a stop loss in place at 86.89though. 86.64 is the first level of resistance above 83.56, and by rule, any test of resistance is a short signal. In this case, if resistance 86.64 is being tested, so a short signal would exist.

Swing Trading Plans for MDT

• Buy MDT slightly over 85, target 86.64, Stop Loss @ 84.75 Details

If 85 begins to break higher, the technical summary data tells us to buy MDT just slightly over 85, with an upside target of 86.64. The data also tells us to set a stop loss @ 84.75 in case the stock turns against the trade. 85 is the first level of resistance above 83.56, and by rule, any break above resistance is a buy signal. In this case, 85, 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 85, target 83.24, Stop Loss @ 85.25. Details

The technical summary data is suggesting a short of MDT if it tests 85 with a downside target of 83.24. We should have a stop loss in place at 85.25 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, 85, 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 83.57, target 85, Stop Loss @ 83.38 Details

If 83.57 begins to break higher, the technical summary data tells us to buy MDT just slightly over 83.57, with an upside target of 85. The data also tells us to set a stop loss @ 83.38 in case the stock turns against the trade. 83.57 is the first level of resistance above 83.56, and by rule, any break above resistance is a buy signal. In this case, 83.57, 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 83.57, target 83.24, Stop Loss @ 83.76. Details

The technical summary data is suggesting a short of MDT if it tests 83.57 with a downside target of 83.24. We should have a stop loss in place at 83.76 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, 83.57, 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 December 11:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	81.65
P2	82.83	83.24	86.64
P3	83.57	85	91.61

AI Generated Signals for MDT

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Trading or Investing in Medtronic Plc. (NYSE: MDT) involves an observation of the technicals, every time.  This data reveals the current technicals.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.