3M CO (MMM) Stock Technical Analysis
NYSE:MMM • US88579Y1010
Overall MMM gets a technical rating of 7 out of 10. In the last year, MMM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MMM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month MMM has a been trading in the 150.55 - 177.41 range, which is quite wide. It is currently trading near the high of this range.
- MMM has an average volume of 3595630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, MMM outperforms 64% of them, which is more or less in line with the market.
- MMM is part of the Industrial Conglomerates industry. There are 7 other stocks in this industry, MMM did better than 50% of them.
Although MMM has an excellent technical rating, the quality of the presented setup is not ideal 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
147.26
When analyzing the support we can see 4 important areas.
- A support zone ranging from 162.99 to 167.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @159.04 from a horizontal line in the daily time frame.
- A support zone ranging from 152.39 to 153.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @148.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 172.66 to 174.62. 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 | NEUTRAL | NEUTRAL | The long term trend for MMM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMM is up. |
| ChartMill Relative Strength | 64.09 | NEUTRAL | MMM is not amongst the best or worst performers 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) | 59.61 | NEUTRAL | The RSI value for MMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.74 | POSITIVE | The MACD value suggests MMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.74 | OVERBOUGHT | The high Stochastics value suggests MMM may be overbought. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for MMM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.17 | NEUTRAL | The ADX value for MMM suggests a possible start of a new trend. |
171.82
-2.79 (-1.6%)
3M CO / MMM FAQ
What is the ChartMill technical rating of 3M CO (MMM) stock?
ChartMill assigns a technical rating of 7 / 10 to MMM.
What is the current trend direction of 3M CO (MMM) stock?
The current trend direction for 3M CO (MMM) is Bearish.
Can you provide the RSI signal for 3M CO?
3M CO (MMM) has an RSI value of 59.6066. This indicates that the stock is currently neutral.
Can you provide the MACD signal for 3M CO?
The MACD indicator for 3M CO (MMM) has a value of 1.7358, indicating a bullish trend.
What are the support and resistance levels for 3M CO (MMM) stock?
3M CO (MMM) has a support level at 167.36 and a resistance level at 172.66. Check the full technical report for our detailed analysis of MMM support and resistance levels.