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3M COMPANY
3M COMPANY
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MMM
ISIN:

3M COMPANY - 1H - Technical analysis published on 08/01/2022 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 137.24 USD
My targets
145.70 USD (+1.78%)
152.68 USD (+6.66%)
My analysis
3M COMPANY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 137.24 USD. The next resistance located at 145.70 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 152.68 USD. After this resistance, buyers could then target 166.17 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

3M COMPANY rating 143.15 USD. On the day, this instrument lost -0.06% with the lowest point at 141.58 USD and the highest point at 143.40 USD. The deviation from the price is +1.11% for the low point and -0.17% for the high point.

141.58
143.40
143.15

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of 3M COMPANY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 134.73 137.24 142.66 143.15 145.70 152.68 166.17
Change (%) -5.88% -4.13% -0.34% - +1.78% +6.66% +16.08%
Change -8.42 -5.91 -0.49 - +2.55 +9.53 +23.02
Level Intermediate Major Minor - Intermediate Intermediate Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard136.90138.36140.80142.26144.70146.16148.60
Camarilla142.17142.53142.88143.24143.60143.96144.31
Woodie137.39138.61141.29142.51145.19146.41149.09
Fibonacci138.36139.85140.77142.26143.75144.67146.16


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard124.19128.99136.11140.91148.03152.83159.95
Camarilla139.96141.06142.15143.24144.33145.43146.52
Woodie125.36129.57137.28141.49149.20153.41161.12
Fibonacci128.99133.54136.35140.91145.46148.27152.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard110.56118.08130.66138.18150.76158.28170.86
Camarilla137.71139.56141.40143.24145.08146.93148.77
Woodie113.09119.35133.19139.45153.29159.55173.39
Fibonacci118.08125.76130.50138.18145.86150.60158.28

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): 64.08
MACD (12,26,9): 1.2800
Directional Movement: 14.53
AROON (14): 64.29
DEMA (21): 143.35
Parabolic SAR (0,02-0,02-0,2): 139.41
Elder Ray (13): 0.81
Super Trend (3,10): 140.42
Zig ZAG (10): 142.82
VORTEX (21): 1.2400
Stochastique (14,3,5): 78.77
TEMA (21): 143.32
Williams %R (14): -22.05
Chande Momentum Oscillator (20): 2.55
Repulse (5,40,3): 0.3100
ROCnROLL: 1
TRIX (15,9): 0.1300
Courbe Coppock: 4.53
MA7: 139.20
MA20: 133.31
MA50: 136.84
MA100: 141.90
MAexp7: 142.78
MAexp20: 141.62
MAexp50: 138.99
MAexp100: 136.29
Price / MA7: +2.84%
Price / MA20: +7.38%
Price / MA50: +4.61%
Price / MA100: +0.88%
Price / MAexp7: +0.26%
Price / MAexp20: +1.08%
Price / MAexp50: +2.99%
Price / MAexp100: +5.03%

Quotes : - 15 min delayed data - NYSE Stocks

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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