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Takip Edin: @UscMarketsMDT Stock Forecast & Medtronic plc Chart Analysis
This article provides a detailed analysis of MDT-Medtronic plc stock including a forecast for MDT shares. It features Medtronic plc technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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MDT Historical Data Review
MDT Current Price Performance Analysis
The Medtronic plc - MDT stock traded on the American stock market, on 06-05-2024, closed at 82.31$ with a %-1.15 decreased compared to the previous day.
In the last month, the price of MDT changed by %0.67 increased in value, from 81.76 dollars on 05-06-2024 to 82.31 dollars, increased.
Last year, the price of MDT was 83.6 dollars on 06-06-2023, and changed by %-1.54 decreased in value, to 82.31 dollars decreased within a year.
The price of Medtronic plc stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
MDT with AI Stock Forecast & Price Target
On the MDT chart Medtronic plc price was recorded as 82.31 Dollars on 06/05/2024.
The artificial intelligence's forecast on MDT stock is as follows.
The artificial intelligence's prediction error margin for MDT stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Medtronic plc stock over the next 4 months is: 72.8 Dollars.
The commentary on MDT stock Target Price: Highest: 83.682 Dollars is predicted.
The commentary on MDT stock Target Price: Lowest: 66.813 Dollars is predicted.
Resistance Price where Medtronic plc stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 77.723 |
| 10-03-2024 | 75.828 |
| 12-12-2024 | 70.723 |
| 02-20-2025 | 70.085 |
Support Price where Medtronic plc stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 07-25-2024 | 76.898 |
| 09-13-2024 | 75.339 |
| 11-12-2024 | 68.301 |
| 01-16-2025 | 69.603 |
| 04-01-2025 | 66.813 |
The commentary on MDT stock: The target price can generally be said to be on the decline.
The commentary on MDT stock: Fluctuations in the target price can be expected in the coming days.
The target price for Medtronic plc stock by the end of 2024 is predicted to be 70.278 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on MDT stock, and the 2024 target price predictions for Medtronic plc are detailed above.
The technical analysis and charts for the commentary on MDT stock are below.
MDT Support & Resistance and Trend Analysis
MDT stock you have reviewed the technical analysis support resistance charts regarding.
MDT : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the MDT review, the Medtronic plc support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Medtronic plc Support and Resistance Prices:
| MDT Support Level Price | MDT Resistance Level Price |
|---|---|
| 69.32 | 83.06 |
| 78.20 | 84.73 |
| 78.43 | 86.17 |
| 78.78 | 86.43 |
| 80.46 | 87.22 |
| 80.57 | 87.73 |
| 82.59 | 88.73 |
| 82.65 | 89.18 |
| 82.72 | |
| 84.60 |
MDT Technical Analysis: SMA, RSI, MACD
Upon reviewing the MDT chart, buy and sell signals have been generated in the Medtronic plc technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for MDT stock are as follows:- The technical analysis for MDT indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Medtronic plc indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Medtronic plc stock: Click here to read more predictions on Palo Alto Networks stock.
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