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 5 out of 10. MMM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
MMM is part of the Industrial Conglomerates industry. There are 6 other stocks in this industry, of which 60% are performing better than MMM.
In the last month MMM has a been trading in the 147.81 - 164.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
MMM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MMM is lagging the market slightly.
MMM has an average volume of 3388860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MMM did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
MMM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 150.37, a Stop Loss order could be placed below this zone.
More info and screens
123.50
160.64
5 important support areas can be observed.
- A support zone ranging from 149.17 to 150.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 142.20 to 142.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @138.64 from a trend line in the weekly time frame.
- Support @127.32 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 152.91 to 155.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @159.05 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 | NEUTRAL | NEUTRAL | The short term trend for MMM is neutral. |
| ChartMill Relative Strength | 70.8 | POSITIVE | MMM has a high relative strength, it outperformed 70.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMM is below a declining 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) | 49.6 | NEUTRAL | The RSI value for MMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests MMM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.83 | NEUTRAL | The Stochastics value for MMM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for MMM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.48 | 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)
151.79
-0.26 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-0.17%
1 Week0.39%
2 Weeks-3.07%
1 Month-0.3%
3 Month6.83%
6 Month-0.27%
12 Month21.2%
2 Year36.13%
3 Year5.97%
5 Year0.88%
10 Year0.3%
15 Year77.45%
Volatility
ATR(14)3.8
ATR(20)%2.47%
ATR Inc-25.6%
Range Today1.95
ADR(20)3.71
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.8
Mansfield-0.03
10 Day High164.15
10 Day Low147.81
20 Day High164.15
20 Day Low147.81
52 Week High164.15
52 Week Low119.31
CS1 End150.37
CR1 Start152.91
Volume & EV
DER(3)1.89%
DER(5)1.78%
Volume3.92M
Volume Incr7.58%
Vol(5)4.11M
Vol(50)3.39M