3M CO (MMM) Stock Technical Analysis
USA - NYSE:MMM - US88579Y1010 - Common Stock
Overall MMM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, MMM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, MMM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 166.16, a Stop Loss order could be placed below this zone.
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123.50
When analyzing the support we can see 5 important areas.
- A support zone ranging from 166.14 to 166.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 159.04 to 159.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 152.39 to 153.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 148.74 to 148.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @124.75 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @171.61 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MMM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMM is up. |
| ChartMill Relative Strength | 83.71 | POSITIVE | MMM has a high relative strength, it outperformed 83.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MMM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MMM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.15 | NEUTRAL | The RSI value for MMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests MMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.17 | NEUTRAL | The Stochastics value for MMM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for MMM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for MMM suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 171.62 | 166.13 | 5.49 (3.20%) | 25.00% |
| An entry @171.62. This is a Buy Stop order right above the resistance zone. | An exit @166.13. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.49 points, which is 3.20%. | For a 0.80% 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.
167.58
-3.04 (-1.78%)
3M CO / MMM FAQ
What is the ChartMill technical rating of 3M CO (MMM) stock?
ChartMill assigns a technical rating of 10 / 10 to MMM.
Can you provide the trend direction for 3M CO?
The current trend direction for 3M CO (MMM) is Bullish.
Can you provide the RSI signal for 3M CO?
3M CO (MMM) has an RSI value of 57.1527. This indicates that the stock is currently neutral.
What is the buy/sell signal for MMM stock?
The buy/sell signal for 3M CO (MMM) is buy as both the short term and long term trends are positive.
What is the support and resistance level for MMM stock?
3M CO (MMM) has a support level at 166.16 and a resistance level at 171.61. Check the full technical report for our detailed analysis of MMM support and resistance levels.