3M CO (MMM)

US88579Y1010 - Common Stock

104.55  +1.24 (+1.2%)

Technical Rating and Analysis

7

Overall MMM gets a technical rating of 7 out of 10. Although MMM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month MMM has a been trading in the 98.26 - 105.30 range, which is quite wide. It is currently trading near the high of this range.
MMM has an average volume of 4325090 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 49% of them, which is more or less in line with the market.
MMM is an average performer in the Industrial Conglomerates industry, it outperforms 44% of 10 stocks in the same industry.
MMM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMM is lagging the market.
Weekly and Daily overview Charts
MMM Weekly chart
MMM Daily chart
Setup Rating and Analysis

6

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.

Support and Resistance Analysis

89.63

113.77

3 important support areas can be observed.

  • A support zone ranging from 100.47 to 103.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 93.63 to 93.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 90.54 to 91.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • A resistance zone ranging from 105.94 to 107.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @110.00 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 111.88 to 112.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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
CRS49.27
Mansfield-1.11
10 Day High105.3
10 Day Low98.26
20 Day High105.3
20 Day Low98.26
52 Week High113.14
52 Week Low85.35
Performance
1 Week3.63%
2 Weeks2.68%
1 Month2.39%
3 Month11.96%
6 Month-4.13%
12 Month-0.98%
2 Year-27.88%
3 Year-47.81%
5 Year-40.87%
10 Year-26.67%
15 Year46.5%
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)0.1
RSI(14)57.22
LBB99.68
UBB104.28
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
103.32100.462.86 (2.77%)25.00%
An entry @103.32. This is a Buy Stop order right above the resistance zone.An exit @100.46. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.86 points, which is 2.77%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%.

  • The distance between exit and entry is rather small compared to the average daily movement of MMM. Please evaluate whether better entry and exit points can be found.
  • 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.
MMM Daily chart

3M CO

NYSE:MMM (7/17/2024, 2:18:07 PM)

104.55

+1.24 (+1.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg1.2%
1 Week3.63%
2 Weeks2.68%
1 Month2.39%
3 Month11.96%
6 Month-4.13%
12 Month-0.98%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.23
ATR(20)%2.01%
ATR Inc
Range Today2.07
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 High105.3
10 Day Low98.26
20 Day High105.3
20 Day Low98.26
52 Week High113.14
52 Week Low85.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.09M
Volume Incr8.6%
Vol(5)3.88M
Vol(50)4.33M