3M CO (MMM) Stock Technical Analysis
NYSE:MMM - New York Stock Exchange, Inc. - US88579Y1010 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to MMM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MMM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MMM did better than 92% of all other stocks. We also observe that the gains produced by MMM over the past year are nicely spread over this period.
MMM is one of the better performing stocks in the Industrial Conglomerates industry, it outperforms 100% of 6 stocks in the same industry.
MMM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so MMM is leading the market.
In the last month MMM has a been trading in the 130.36 - 154.26 range, which is quite wide. It is currently trading near the high of this range.
MMM has an average volume of 4063480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
123.50
156.68
When analyzing the support we can see 6 important areas.
- A support zone ranging from 142.50 to 143.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @137.89 from a horizontal line in the daily time frame.
- Support @134.69 from a horizontal line in the daily time frame.
- Support @131.74 from a trend line in the weekly time frame.
- Strong support @128.46 from a horizontal line in the daily time frame.
- A support zone ranging from 124.75 to 125.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 154.40 to 155.13. 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
CRS92.67
Mansfield1.24
10 Day High154.26
10 Day Low137.63
20 Day High154.26
20 Day Low130.36
52 Week High156.35
52 Week Low96.76
Performance
1 Week2.53%
2 Weeks9.47%
1 Month22.25%
3 Month6.32%
6 Month20.03%
12 Month54.65%
2 Year65.19%
3 Year3.25%
5 Year-1.47%
10 Year-3.11%
15 Year94.35%
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)1.73
RSI(14)66.36
LBB133.24
UBB156.04
154.15
+0.01 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.01%
1 Week2.53%
2 Weeks9.47%
1 Month22.25%
3 Month6.32%
6 Month20.03%
12 Month54.65%
2 Year65.19%
3 Year3.25%
5 Year-1.47%
10 Year-3.11%
15 Year94.35%
Volatility
ATR(14)3.58
ATR(20)%2.58%
ATR Inc13.98%
Range Today1.47
ADR(20)3.46
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.67
Mansfield1.24
10 Day High154.26
10 Day Low137.63
20 Day High154.26
20 Day Low130.36
52 Week High156.35
52 Week Low96.76
CS1 End143.87
CR1 Start154.4
Volume & EV
DER(3)1.95%
DER(5)0.81%
Volume2.51M
Volume Incr3.54%
Vol(5)3.70M
Vol(50)4.06M