Get started

3m

MMM: Time for a Technical Breakout 1W (Jun. 09)X Force Global Analysis: 3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities. Analysis - What's most noticeable in 3M's weekly chart is the descending parallel channel. - Prices have been creating constant lower highs and lower lows - This downtrend has been intact even before the Corona Virus (Covid-19) situation - Prices are currently trading below the 200 Simple Moving Average (SMA) - They have also been rejected by the Ichimoku cloud resistance twice. - The Relative Strength Index (RSI) is at neutral levels, and the Moving Average Convergence Divergence (MACD) has formed a golden cross, indicating potential bullish momentum - Should we see a breakout from the current price levels through the descending parallel channel, a potential reverse head and shoulders pattern may be intact - There are two price gaps both below and above the current price level, ranging from $!35 to $244. What We Believe For the short term, a break and close above the descending parallel channel is necessary for bullish confirmation. Then, a break of the Ichimoku cloud resistance - which we have failed to break through twice- is required for further bullish confirmation. Ultimately, a break and close above the 200 SMA would confirm a further rally up to $244, where the price gap remains for the weekly chart. Trade Safe.
NYSE:MMM
by XForceGlobal
1
MMM - 3M s/r zonesHello traders, Description of the analysis: Main s/r zones for 3M shares. Currently on strong support from 2016, a very suitable opportunity in terms of technical analysis and volume distribution of the price. The dividend strenght will be attractive. 3M has an earnings payout ratio better than 29% of dividend stocks. MMM pays 46% of its operating cash flow as a dividend, which is better than 27% of dividend stocks and MMM pays 60% of its free cash flow as a dividend, which is better than 37% of dividend stocks (from Seekingalpha source). The situation is more than interesting for investment. Never invest in assets you don't understand, so invest and trade wisely and carefully. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NYSE:MMMLong
by Jacob_Kovarik
MMM; Has Coronavirus helped 3M enough to keep them above water?!MMM; Has Coronavirus helped 3M enough to keep them above water?! ✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Let's Go! Time to see the much-anticipated earnings report from our savior 3M. We are hoping they are good and the chart may show this first hand already! --- 1. Fractal Trend showing an uptrend (Green background color) for MMM on the 1 hour chart. We are hoping this is not a false breakout like we saw previously. 2. We are currently in a quite parabolic move to the upside, thankfully we have a trailing stop riding behind this move to attempt to lockin as much profit as possible. 3. We are looking for a reaction at the R1 bearish orderblock where we hope to see Breakaway Scalper go neutral so we can get in on this tear! 4. If R1 can't hold, we will be looking at R2 and R3 as expected resistance going forward. 5. S1, S2, and S3 are all acceptable levels we are keeping an eye on but any lower and well... you guys know the rest.
NYSE:MMM
by AlphaBotSystem
3M: $160 Short TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into some of my key points. I think realistically, 3M should have done well this quarter (given the time period we are in), but it looks like a potential resistance curve is breaking out and many people are expecting some sort of bearish pattern. That is why I'm setting with confidence a $160 short target, while expecting some long potential with medium risk hold.
NYSE:MMMShort
by gamer456148
Investing in the Time of COVID-19 / 3M COMPANYIs It Time to Buy 3M Stock? (NYSE:MMM) 3M ramps up N95 respirator production as demand surges from global coronavirus outbreak. Demand for respirators is extremely high . To fill the surge in demand for the devices, particularly the N95 respirator, 3M is ramping up production. In Aberdeen, South Dakota, more than 650 employees at one of 3M’s largest manufacturing facilities are working overtime to increase face mask production. 3M Company: While 3M manufactures millions of respirators per month at production facilities in the United States and China, as well as in Latin America, Europe and Asia, we expect demand for respirators and other supplies to outpace supply for the foreseeable future. "3M is supporting public health and government response to the outbreak by ramping up production at our global manufacturing facilities, including hiring workers, adding shifts and activating more production lines. "Still, global demand for certain personal protective equipment, including respirators, is currently exceeding supply. We are working with customers, distributors, and government and medical officials to help get supplies where they are most needed." Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
NYSE:MMMLong
by CryptoTrend-Alerts
1
3M - Coronavirus Scare Bolsters 3M Production of Masks Consider 3M in your list of bargains to buy at the moment. I've read several articles that have said 3M has sold out of their masks due to the coronavirus scare and is currently paying workers overtime to meet the demand. They're hoping to have a mask output (N95) of at least 35million/month to the US alone and have ramped up their production in Asia and Europe as well. On a technical stand point, this looks to be a good place to enter. The the current price action appears to be bouncing off support and the .5 Fib retracement level. The OBV remains high and there is strong bullish divergence that can be seen on the weekly MACD. Given the overall concern of the current status of the world markets, this looks to be a good short-term scalp where I am aiming for resistance around $175. I will re-evaluate that state of the markets once we hit this level to determine whether to let it ride or close the trade.
NYSE:MMMLong
by jpbrown1023
2