NYSE:MMM - New York Stock Exchange, Inc. - US88579Y1010 - Common Stock - Currency: USD
Overall MMM gets a technical rating of 10 out of 10. 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.
MMM has an excellent technical rating, but the quality of the setup is only medium 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.
123.50
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice one important area.
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 | 91.87 | POSITIVE | MMM has a high relative strength, it outperformed 91.87% 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) | DOWN | MIXED | The current price of MMM is above a declining 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) | 57.87 | NEUTRAL | The RSI value for MMM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests MMM has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 78.83 | NEUTRAL | The Stochastics value for MMM is a neutral value. |
Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for MMM suggests some volalility. |
Average Directional Index/ADX (14) | 17.04 | NEGATIVE | The low ADX value for MMM suggests a weak or negative 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 |
---|---|---|---|
150.10 | 140.95 | 9.15 (6.10%) | 16.40% |
An entry @150.10. This is a Buy Stop order right above the 10 day moving average. | An exit @140.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.15 points, which is 6.10%. | For a 1.00% total portfolio risk, you can invest 16.40% of your capital in this trade. |
149.78
+0.38 (+0.25%)