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How to Evaluate 3m $MMM by Looking at the Charts

Apr 01, 2021 (Stock Traders Daily via COMTEX) --
When influential investors make decisions to buy and sell securities, they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The 3m (NYSE: MMM) report below can help you understand how to do this. The trading plans for MMM, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 176.96
P2 193.41 193.64 183.68
P3 196.31 197.00 190.04

Long Term Trading Plans for MMM

April 1, 2021, 5:30 am ET

The Technical Summary and Trading Plans for MMM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MMM Report.

MMM - (Long) Support Plan

The technical summary data tells us to buy MMM near 190.04, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 189.49 to protect against excessive loss in case the stock begins to move against the trade. 190.04 is the first level of support below 192.68, and by rule, any test of support is a buy signal. In this case, if support 190.04 is being tested, a buy signal would exist.

MMM - (Short) Resistance Plan

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.


MMM Long Term Analysis for April 1 2021


MMM EPS Analysis for April 1 2021

MMM Dividend Chart for April 1 2021

MMM Revenue chart for April 1 2021

MMM Growth rate - Quarterly for April 1 2021

MMM Growth rate - Yearly for April 1 2021

MMM PE chart for April 1 2021

MMM PEG chart for April 1 2021
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