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3M CO. DL-.01
3M CO. DL-.01
- EUR (-)
- 15 min delayed data - Germany Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: MMM
ISIN:

3M CO. DL-.01 - 1H - Technical analysis published on 10/22/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 127.72 EUR
My targets
137.37 EUR (+4.48%)
147.18 EUR (+11.94%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on 3M CO. DL-.01 as long as the price remains well above 127.72 EUR. The buyers' bullish objective is set at 137.37 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 147.18 EUR. If there is any crossing, the next objective would be the resistance located at 160.82 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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.

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Daily Weekly

Additional analysis

Quotes

3M CO. DL-.01 rating 131.48 EUR. The price registered an increase of +6.22% on the session and was traded between 123.78 EUR and 132.44 EUR over the period. The price is currently at +6.22% from its lowest and -0.72% from its highest.

123.78
132.44
131.48

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by 3M CO. DL-.01:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of 3M CO. DL-.01 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Central Candlesticks

White line without lower shadow

Type : Bullish

Timeframe : 1 hour


White marubozu

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 125.40 126.26 127.72 131.48 147.18 160.82 195.24
Change (%) -4.62% -3.97% -2.86% - +11.94% +22.32% +48.49%
Change -6.08 -5.22 -3.76 - +15.70 +29.34 +63.76
Level Minor Major Intermediate - Major Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard122.02122.86123.32124.16124.62125.46125.92
Camarilla123.42123.54123.66123.78123.90124.02124.14
Woodie121.83122.77123.13124.07124.43125.37125.73
Fibonacci122.86123.36123.66124.16124.66124.96125.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard118.46120.44122.30124.28126.14128.12129.98
Camarilla123.10123.46123.81124.16124.51124.86125.22
Woodie118.40120.41122.24124.25126.08128.09129.92
Fibonacci120.44121.91122.81124.28125.75126.65128.12


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.19111.53117.25121.59127.31131.65137.37
Camarilla120.19121.12122.04122.96123.88124.80125.73
Woodie107.87111.88117.93121.94127.99132.00138.05
Fibonacci111.53115.38117.75121.59125.44127.81131.65

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 83.83
MACD (12,26,9): 0.7800
Directional Movement: 40.58
AROON (14): 35.72
DEMA (21): 127.23
Parabolic SAR (0,02-0,02-0,2): 123.78
Elder Ray (13): 4.53
Super Trend (3,10): 125.20
Zig ZAG (10): 124.82
VORTEX (21): 1.3900
Stochastique (14,3,5): 92.14
TEMA (21): 128.39
Williams %R (14): -3.89
Chande Momentum Oscillator (20): 8.36
Repulse (5,40,3): 6.0600
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 5.48
MA7: 125.50
MA20: 123.83
MA50: 120.44
MA100: 110.03
MAexp7: 128.06
MAexp20: 125.37
MAexp50: 124.65
MAexp100: 123.91
Price / MA7: +4.76%
Price / MA20: +6.18%
Price / MA50: +9.17%
Price / MA100: +19.49%
Price / MAexp7: +2.67%
Price / MAexp20: +4.87%
Price / MAexp50: +5.48%
Price / MAexp100: +6.11%

Quotes : - 15 min delayed data - Germany Stocks

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

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