MDT Forms Cup with Handle near Pivot; Stage 3 Topping Keeps Sentiment Neutral

Posted on by Eben@CANSLIM Research
MDT daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY, Stage 3 (Topping), as of August 31, 2026 at 01:12 — CANSLIM Research

Medtronic (MDT) is tracing a 38-week Cup with Handle base, with the handle currently resolving near its 94.13 pivot after a shallow 4.4% pullback. However, the broader Stage 3 topping pattern, a flat 30-week moving average, and a weak trend template (only 3 of 8 checks passing) signal distribution risk. The setup remains constructive but unconfirmed, with sentiment neutral and a breakout still pending.

As of 2026-08-27 · Close $89.97

Stage 3 (Topping) — Price churning around the 30-week MA — topping consolidation (30-week MA 6-week slope: -1.49%)

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