3M CO (MMM) Stock Technical Analysis
NYSE:MMM - New York Stock Exchange, Inc. - US88579Y1010 - Common Stock - Currency: USD
Taking everything into account, MMM scores 10 out of 10 in our technical rating. 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 is one of the lesser performing stocks in the Industrial Conglomerates industry. 60% of 6 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MMM did better than 85% of all other stocks.
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 141.57 - 156.09 range, which is quite wide. It is currently trading near the high of this range.
MMM has an average volume of 2976380 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 5 important areas.
- A support zone ranging from 146.04 to 147.50. 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 @135.88 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.
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 | 85.72 | POSITIVE | MMM has a high relative strength, it outperformed 85.72% 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) | 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) | 60.67 | NEUTRAL | The RSI value for MMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.8 | POSITIVE | The MACD value suggests MMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.67 | OVERBOUGHT | The high Stochastics value suggests MMM may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for MMM suggests low volalility. |
| Average Directional Index/ADX (14) | 16.07 | 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)
152.94
-1.03 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-0.67%
1 Week1.45%
2 Weeks7.32%
1 Month4.18%
3 Month20.51%
6 Month17.76%
12 Month50.95%
2 Year37.17%
3 Year6.77%
5 Year1.64%
10 Year1.06%
15 Year78.79%
Volatility
ATR(14)3.1
ATR(20)%1.98%
ATR Inc29.09%
Range Today5.5
ADR(20)2.93
ADR(20)%1.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.72
Mansfield0.31
10 Day High156.09
10 Day Low141.82
20 Day High156.09
20 Day Low141.57
52 Week High156.35
52 Week Low98.26
CS1 End147.5
CR1 Start154.4
Volume & EV
DER(3)1.32%
DER(5)0.7%
Volume3.18M
Volume Incr11.52%
Vol(5)3.21M
Vol(50)2.98M