3M CO (MMM)

US88579Y1010 - Common Stock

131.62  -3.22 (-2.39%)

Technical Rating and Analysis

8

Overall MMM gets a technical rating of 8 out of 10. In the last year, MMM was one of the better performers, but we do observe some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that MMM is one of the better performing stocks in the market, outperforming 82% of all stocks.
MMM is one of the better performing stocks in the Industrial Conglomerates industry, it outperforms 75% of 9 stocks in the same industry.
MMM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
MMM has an average volume of 3310910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month MMM has a been trading in a tight range between 132.93 and 140.72.
Weekly and Daily overview Charts
MMM Weekly chart
MMM Daily chart
Setup Rating and Analysis

3

Although MMM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

92.31

140.84

We found 3 important support areas.

  • Support @111.07 from a trend line in the daily time frame.
  • Support @96.44 from a trend line in the weekly time frame.
  • Strong support @93.24 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 132.67 to 139.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.99
Mansfield1.08
10 Day High137.05
10 Day Low132.93
20 Day High140.72
20 Day Low132.93
52 Week High140.72
52 Week Low87.78
Performance
1 Week-0.68%
2 Weeks-0.01%
1 Month-0.59%
3 Month6.04%
6 Month46.84%
12 Month54.07%
2 Year7.19%
3 Year-24.54%
5 Year-18.27%
10 Year-12.31%
15 Year83.28%
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)-0.36
RSI(14)52.32
LBB133.81
UBB136.44
MMM Daily chart

3M CO

NYSE:MMM (10/22/2024, 10:56:09 AM)

131.62

-3.22 (-2.39%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-2.39%
1 Week-0.68%
2 Weeks-0.01%
1 Month-0.59%
3 Month6.04%
6 Month46.84%
12 Month54.07%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.77
ATR(20)%1.51%
ATR Inc
Range Today10.3
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 High137.05
10 Day Low132.93
20 Day High140.72
20 Day Low132.93
52 Week High140.72
52 Week Low87.78
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume6.99M
Volume Incr-8.8%
Vol(5)3.11M
Vol(50)3.31M