(MDT) Long-Term Investment Analysis

November 30, 2024 6:14 PM ET BY Tyler – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for MDT

• Buy MDT near 81.82 and target a stop loss of 86.86 at 81.58 Details

The technical summary data tells us to buy MDT at 81.82 with an upside target of 86.86. This data also tells us to set a stop loss at 81.58 to protect ourselves from excessive losses in case the stock starts moving against the trade. 81.82 is the first level of support below 86.54 and basically any test of support is a buy signal. In this case the support 81.82 would be tested, so a buy signal would be present.

• Short MDT just below 86.86, target 81.82, stop loss at 87.11 Details

The technical summary data suggests a short position on MDT as it approaches the 86.86 level and the downside target is at 81.82. However, we should have a stop loss at 87.11. 86.86 is the first resistance level above 86.54, and basically any test of resistance is a short signal. In this case, if the resistance 86.86 is tested, a short signal is present.

Swing trading plans for MDT

• Buy MDT just above 86.86, target 91.86, stop loss at 86.61 Details

If 86.86 starts to break higher, the technical summary data tells us to buy MDT just above 86.86 with an upside target of 91.86. The data also tells us to set a stop loss at 86.61 in case the stock turns against the trade. 86.86 is the first resistance level above 86.54, and basically any break above resistance is a buy signal. In this case, 86.86, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short MDT slightly near 86.86, target 86.42, stop loss at 87.11. Details

The technical summary data suggests a short position on MDT if it tests 86.86 with a downside target of 86.42. However, we should have a stop loss at 87.11 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if the resistance 86.86 is tested, a short signal is present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for MDT

• Buy MDT just above 87.05, target 91.86, stop loss at 86.85 Details

If 87.05 starts to break higher, the technical summary data tells us to buy MDT just above 87.05 with an upside target of 91.86. The data also tells us to set a stop loss at 86.85 in case the stock turns against the trade. 87.05 is the first resistance level above 86.54, and basically any break above resistance is a buy signal. In this case, 87.05, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short MDT slightly near 87.05, target 86.42, stop loss at 87.25. Details

The technical summary data suggests a short position on MDT if it tests 87.05, with a downside target of 86.42. However, we should have a stop loss at 87.25 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 87.05 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Medtronic Plc. (MDT) available here: MDT.

MDT Ratings for November 30th:

AI generated signals for MDT

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Technically, Medtronic Plc. (NYSE:MDT) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of 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, when MDT tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for MDT. All of this is offered below the overview table.