3M CO (MMM)
US88579Y1010 - Common Stock
Taking everything into account, MMM scores 7 out of 10 in our technical rating. Although MMM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MMM has an average volume of 4181460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, MMM outperforms 47% of them, which is more or less in line with the market.
MMM is an average performer in the Industrial Conglomerates industry, it outperforms 62% of 9 stocks in the same industry.
MMM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MMM is lagging the market slightly.
In the last month MMM has a been trading in the 98.26 - 105.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, MMM also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 105.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 102.76, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
89.63
113.77
When analyzing the support we can see 4 important areas.
- A support zone ranging from 100.53 to 102.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @97.56 from a horizontal line in the daily time frame.
- A support zone ranging from 93.86 to 94.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 90.54 to 91.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 105.83 to 107.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @110.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 111.88 to 112.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.12
Mansfield-0.63
10 Day High105.52
10 Day Low100.87
20 Day High105.52
20 Day Low98.26
52 Week High112.27
52 Week Low85.35
Performance
1 Week-0.61%
2 Weeks0.15%
1 Month1.91%
3 Month12.59%
6 Month7.71%
12 Month-7.59%
2 Year-27.82%
3 Year-47.77%
5 Year-40.83%
10 Year-26.62%
15 Year46.61%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)53.77
LBB100.32
UBB106.06
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 103.91 | 100.86 | 3.05 (2.93%) | 25.00% |
| An entry @103.91. This is a Buy Stop order right above the 10 day moving average. | An exit @100.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.05 points, which is 2.93%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MMM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3M CO
NYSE:MMM (7/25/2024, 7:04:00 PM)
After market: 103.4 +0.01 (+0.01%)103.39
+0.14 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.14%
1 Week-0.61%
2 Weeks0.15%
1 Month1.91%
3 Month12.59%
6 Month7.71%
12 Month-7.59%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.3
ATR(20)%2.14%
ATR Inc
Range Today3.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High105.52
10 Day Low100.87
20 Day High105.52
20 Day Low98.26
52 Week High112.27
52 Week Low85.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.60M
Volume Incr-14.3%
Vol(5)3.12M
Vol(50)4.18M