3M CO (MMM) Stock Technical Analysis
NYSE:MMM - New York Stock Exchange, Inc. - US88579Y1010 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to MMM. MMM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt 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 3529520 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 68% of them, which is more or less in line with the market.
MMM is an average performer in the Industrial Conglomerates industry, it outperforms 60% of 6 stocks in the same industry.
In the last month MMM has a been trading in the 144.25 - 160.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MMM has an average technical rating and the quality of the presented setup is also 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
123.50
161.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 147.25 to 151.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 140.71 to 144.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 124.75 to 125.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 154.12 to 155.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 159.04 to 160.21. This zone is formed by a combination of multiple trend lines 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 | 68.31 | 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) | 50.43 | NEUTRAL | The RSI value for MMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests MMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.91 | NEUTRAL | The Stochastics value for MMM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for MMM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.3 | 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)
152.86
+0.47 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.31%
1 Week-1.58%
2 Weeks3.37%
1 Month0.03%
3 Month3.55%
6 Month5.44%
12 Month17.09%
2 Year43.3%
3 Year22.93%
5 Year-6.23%
10 Year7.54%
15 Year94.6%
Volatility
ATR(14)3.69
ATR(20)%2.28%
ATR Inc30.43%
Range Today3.24
ADR(20)3.3
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.31
Mansfield-0.09
10 Day High160.47
10 Day Low148
20 Day High160.47
20 Day Low144.25
52 Week High164.15
52 Week Low121.98
CS1 End151.79
CR1 Start154.12
Volume & EV
DER(3)-1.32%
DER(5)-0.48%
Volume2.59M
Volume Incr-10.47%
Vol(5)3.75M
Vol(50)3.53M