3M CO (MMM) Stock Technical Analysis
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MMM is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by MMM over the past year are nicely spread over this period.
MMM is part of the Industrial Conglomerates industry. There are 6 other stocks in this industry. MMM outperforms 80% of them.
MMM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MMM is performing more or less in line with the market.
In the last month MMM has a been trading in the 134.85 - 154.73 range, which is quite wide. It is currently trading near the high of this range.
MMM has an average volume of 3924940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
More info and screens
123.50
156.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 142.82 to 144.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 124.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important 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.
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. |
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)
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. |
- 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.
149.78
+0.38 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.25%
1 Week0.7%
2 Weeks6.14%
1 Month7.85%
3 Month3.31%
6 Month16.63%
12 Month50.28%
2 Year60.52%
3 Year0.33%
5 Year-4.26%
10 Year-5.85%
15 Year88.85%
Volatility
ATR(14)3.37
ATR(20)%2.2%
ATR Inc14.5%
Range Today2.89
ADR(20)2.94
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.87
Mansfield1.14
10 Day High154.73
10 Day Low140.96
20 Day High154.73
20 Day Low134.85
52 Week High156.35
52 Week Low96.76
CS1 End144.6
CR1 Start154.4
Volume & EV
DER(3)-0.39%
DER(5)0.66%
Volume2.86M
Volume Incr-16.54%
Vol(5)2.97M
Vol(50)3.92M