Medtronic PLC (Germany) Technical Analysis
| 2M6 Stock | 81.97 0.09 0.11% |
As of the 30th of November, Medtronic PLC secures the Downside Deviation of 1.18, risk adjusted performance of 0.0538, and Mean Deviation of 0.8288. Medtronic PLC technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices.
Medtronic PLC Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Medtronic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MedtronicMedtronic |
Medtronic PLC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Medtronic PLC Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Medtronic PLC volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Medtronic PLC Trend Analysis
Use this graph to draw trend lines for Medtronic PLC. You can use it to identify possible trend reversals for Medtronic PLC as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Medtronic PLC price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Medtronic PLC Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Medtronic PLC applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Medtronic PLC will continue generating value for investors. It has 122 observation points and a regression sum of squares at 72.02, which is the sum of squared deviations for the predicted Medtronic PLC price change compared to its average price change.About Medtronic PLC Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Medtronic PLC on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Medtronic PLC based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Medtronic PLC price pattern first instead of the macroeconomic environment surrounding Medtronic PLC. By analyzing Medtronic PLC's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Medtronic PLC's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Medtronic PLC specific price patterns or momentum indicators. Please read more on our technical analysis page.
Medtronic PLC November 30, 2024 Technical Indicators
Most technical analysis of Medtronic help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Medtronic from various momentum indicators to cycle indicators. When you analyze Medtronic charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0538 | |||
| Market Risk Adjusted Performance | (0.46) | |||
| Mean Deviation | 0.8288 | |||
| Semi Deviation | 1.05 | |||
| Downside Deviation | 1.18 | |||
| Coefficient Of Variation | 1506.82 | |||
| Standard Deviation | 1.11 | |||
| Variance | 1.22 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | 0.0804 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.47) | |||
| Maximum Drawdown | 6.38 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.68 | |||
| Downside Variance | 1.39 | |||
| Semi Variance | 1.11 | |||
| Expected Short fall | (0.88) | |||
| Skewness | (0.65) | |||
| Kurtosis | 1.91 |
Additional Tools for Medtronic Stock Analysis
When running Medtronic PLC's price analysis, check to measure Medtronic PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Medtronic PLC is operating at the current time. Most of Medtronic PLC's value examination focuses on studying past and present price action to predict the probability of Medtronic PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medtronic PLC's price. Additionally, you may evaluate how the addition of Medtronic PLC to your portfolios can decrease your overall portfolio volatility.