3M CO (MMM)

US88579Y1010 - Common Stock

92.58  +0.35 (+0.38%)

After market: 92.58 0 (0%)

Technical Rating and Analysis

0

Overall MMM gets a technical rating of 0 out of 10. MMM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
77% of all other stocks performed better in the past year than MMM.
MMM is one of the lesser performing stocks in the Industrial Conglomerates industry. 66% of 10 stocks in the same industry do better.
MMM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MMM is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MMM has an average volume of 4281670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
MMM Weekly chart
MMM Daily chart
Setup Rating and Analysis

7

MMM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 92.46, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

84.74

113.77

We found 2 important support areas.

  • A support zone ranging from 91.53 to 92.46. 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 85.60 to 86.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 92.59 to 93.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @104.55 from a trend line in the weekly time frame.
  • Resistance @107.89 from a horizontal line in the daily time frame.
  • Resistance @112.64 from a horizontal line in the daily time frame.
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
CRS23.85
Mansfield-2.03
10 Day High95.06
10 Day Low90.52
20 Day High96.9
20 Day Low90.52
52 Week High113.14
52 Week Low85.35
Performance
1 Week0.22%
2 Weeks-0.67%
1 Month-3.54%
3 Month-3.51%
6 Month-6.44%
12 Month-14.12%
2 Year-37.72%
3 Year-47.12%
5 Year-55.36%
10 Year-31.28%
15 Year103.65%
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)0.25
RSI(14)38.21
LBB90.97
UBB94.47
MMM Daily chart

3M CO

NYSE:MMM (2/23/2024, 7:04:00 PM)

After market: 92.58 0 (0%)

92.58

+0.35 (+0.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.38%
1 Week0.22%
2 Weeks-0.67%
1 Month-3.54%
3 Month-3.51%
6 Month-6.44%
12 Month-14.12%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.56
ATR(20)%1.71%
ATR Inc
Range Today1.03
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 High95.06
10 Day Low90.52
20 Day High96.9
20 Day Low90.52
52 Week High113.14
52 Week Low85.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.16M
Volume Incr-30.63%
Vol(5)3.91M
Vol(50)4.28M