3M COMPANY - Daily - Technical analysis published on 04/18/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 150.74 USD
My targets
132.90 USD (-9.26%)
117.87 USD (-19.52%)
My analysis
The basic trend is bearish on 3M COMPANY and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 150.74 USD. Buyers would then use the next resistance located at 155.75 USD as an objective. Crossing it would then enable buyers to target 164.18 USD. If there is a return to below the support located at 132.90 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 117.87 USD and 89.06 USD by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The 3M COMPANY price is 146.46 USD. On the day, this instrument lost +1.08% with the lowest point at 144.80 USD and the highest point at 148.49 USD. The deviation from the price is +1.15% for the low point and -1.37% for the high point.144.80
148.49
146.46
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by 3M COMPANY:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this 3M COMPANY chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 117.87 | 132.90 | 145.24 | 146.46 | 150.74 | 155.75 | 164.18 |
| Change (%) | -19.52% | -9.26% | -0.83% | - | +2.92% | +6.34% | +12.10% |
| Change | -28.59 | -13.56 | -1.22 | - | +4.28 | +9.29 | +17.72 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.06 | 141.64 | 143.27 | 144.86 | 146.49 | 148.07 | 149.70 |
| Camarilla | 144.02 | 144.31 | 144.61 | 144.90 | 145.20 | 145.49 | 145.78 |
| Woodie | 140.08 | 141.65 | 143.29 | 144.87 | 146.51 | 148.08 | 149.72 |
| Fibonacci | 141.64 | 142.87 | 143.63 | 144.86 | 146.09 | 146.85 | 148.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.83 | 131.37 | 139.57 | 145.11 | 153.31 | 158.85 | 167.05 |
| Camarilla | 144.00 | 145.26 | 146.52 | 147.78 | 149.04 | 150.30 | 151.56 |
| Woodie | 127.17 | 132.04 | 140.91 | 145.78 | 154.65 | 159.52 | 168.39 |
| Fibonacci | 131.37 | 136.62 | 139.86 | 145.11 | 150.36 | 153.60 | 158.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.75 | 94.40 | 115.45 | 135.10 | 156.15 | 175.80 | 196.85 |
| Camarilla | 125.32 | 129.05 | 132.78 | 136.51 | 140.24 | 143.97 | 147.70 |
| Woodie | 75.46 | 94.75 | 116.16 | 135.45 | 156.86 | 176.15 | 197.56 |
| Fibonacci | 94.40 | 109.94 | 119.55 | 135.10 | 150.64 | 160.25 | 175.80 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.42 | |
| MACD (12,26,9): | 0.9800 | |
| Directional Movement: | 0.41 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 142.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 140.98 | |
| Elder Ray (13): | 3.05 | |
| Super Trend (3,10): | 150.43 | |
| Zig ZAG (10): | 146.46 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 72.83 | |
| TEMA (21): | 147.27 | |
| Williams %R (14): | -22.63 | |
| Chande Momentum Oscillator (20): | 9.95 | |
| Repulse (5,40,3): | -1.7500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 21.16 |
| MA7: | 147.12 | |
| MA20: | 138.53 | |
| MA50: | 145.84 | |
| MA100: | 158.36 | |
| MAexp7: | 145.48 | |
| MAexp20: | 142.68 | |
| MAexp50: | 146.58 | |
| MAexp100: | 153.27 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | +5.72% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | -7.51% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +2.65% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -4.44% |
News
Don"t forget to follow the news on 3M COMPANY. At the time of publication of this analysis, the latest news was as follows:
- 3M DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In 3M Company To Contact The Firm
- Investor Network: 3M Company to Host Earnings Call
- Identillect Receives $1.3m from Warrant Exercise Program
-
Greening announces £1.3m for schools in U-turn
-
Hobby Lobby Fined $3M Over Smuggled Iraqi Antiquities | NBC Nightly News
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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