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MMM trade ideas

3M (MMM): Building a Bullish Case Despite HeadwindsWith 3M's earnings yesterday, it’s the perfect moment to analyze the stock and assess the upcoming opportunities. The company is expected to have benefited from its restructuring actions, such as headcount reduction, likely lowering costs and improving margins this quarter. Its disciplined spending and restructuring savings could also boost profitability. Despite these positive factors, challenges in 3M’s packaging and expression, along with home and auto care divisions, may drag down its performance. Lower consumer retail spending on durable goods is expected to impact its Consumer segment's results. From a technical standpoint, 3M’s surge from the support zone recently was strong enough to shift the weekly trend from bearish to bullish. Such a structural change on the weekly chart is significant, as it's not common to see such a clean trend reversal. However, as often happens with sharp upward movements, we are now seeing a bearish divergence on the RSI. This divergence doesn’t mean a pullback is imminent but suggests that one could happen eventually. Looking at the daily chart, there may be potential for 3M to move higher if wave 1 isn’t complete. Even if earnings were positive, we should still witness a pullback. We are looking to build a position by layering bids at key levels. Our first target entry is the gap high, followed by the gap low, which aligns with the 50% Fibonacci level. If the price continues to drop, we’ll continue adding bids down to the 78.6% Fibonacci retracement level. Our stop loss will be set below wave (2) to safeguard the trade. A break below this level would invalidate the bullish outlook and could result in a drop to $56, though this scenario seems less probable for the near future.
NYSE:MMMLong
by freeguy_by_wmc
"gap you are seeing on the screen is a good sign" 3 Step SystemYesterday i was walking near the market place, and decided to get some sweet milk and some bananas Because I was hungry And bananas help me with hunger a lot! The stock market is always hungry and if you find the right system every week you will have an opportunity to buy or sell depending on which strategy you prefer right now I prefer to go long on NYSE:MMM Because it follows these 3 steps: #1-The price is above the 50-day moving average #2-The price is above the 200 Day Moving Average #3-The price has gapped up in an uptrend That huge gap you are seeing on the screen is a good sign of support for the price of this stock. To learn more Rocket Boost this content -- Remember on the 19th of October am going to show you "The Top13 Iron Watchlist" Save that date. -- Disclaimer: Trading is risky please learn risk management and profit-taking strategies.
NYSE:MMMLong
by lubosi
MMM - due for a healthy pullback?I like the recent run up but did it go too far, too quickly? I think so. From a simple perspective, this stock is approximately 27% above the 200-day MA (looking at a year chart). This is by far the farthest it's been away from the 200-day (up or down) this year. On a two year chart, the farthest it got away from the 200-day was around the 27% range. At that time, it was the below the 200-day and moved up nicely. Never a fan when stable companies get too far away from the 200-day on a yearly chart. I like this as a short term play. I actually went with a straddle because the data I found below. ASK IV is 18.24 with historical IV being at 39.13 I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained in this post is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.
NYSE:MMM
by DrConservative
2
3M Company Is Back To Bullish Mode3M Company with ticker MMM was trading in a larger A-B-C correction within a higher degree wave IV for the last 5 years, but we have been warning about strong support with equal wavelength of waves A=C already back in 2023. As you can see now in 2024, we can see a strong rebound after a completed projected higher degree A-B-C correction within wave IV, so wave V can be now in play that can send the price back to all-time highs, especially if breaks channel resistance line and 175 level.
NYSE:MMMLong
by ew-forecast
My Tape reading for 3M Monthly Candles203.4 would be our final tgt, to touch north it has to travel crossing few levels in coming month we will keep track of Once it crosses above 135.51 and get more bullish, we will add more. Then it has to cross 152.77 & 162.90 once these tgt are in play we are looking at 191.43 and final 203.4 Risk Disclaimer The trade ideas beyond this page are for Education/informational purposes only and do not constitute investment advice or a solicitation to trade. Shunya.Trade does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. This information is provided by Shunya.Trade, and is intended for general circulation only.
NYSE:MMM
by shoonya0000
MMM, patience will payMMM (3M Company) saw a significant surge of +22.99% on Friday's close, which might suggest extraordinary earnings, but that's not the case. The earnings report was in line with expectations and didn't reveal anything particularly noteworthy. The substantial rise in the stock price can be attributed to a short squeeze, where trapped short traders were forced to cover their positions, leading to continuous buying pressure. Analysis: Earnings Report: The earnings did not indicate exceptional performance, which means the stock's movement is driven by technical factors rather than fundamentals. Short Squeeze: Many traders who were short on common shares or involved in short calls/long puts found themselves trapped, forcing them to cover their positions. This created a buying frenzy, pushing the stock price higher. Liquidity Level Break: The price broke past a key liquidity level on the weekly chart at $115.38. Once this level was tested, shorts likely attempted to push the price down, but the reversal never happened, leading to continuous short-covering. Key Levels to Watch: $125/$135 Levels: Critical resistance levels. If the price shows bearish behavior under $125, it could be a signal to short for a retracement back to $115. Conversely, if the price breaks above the high of the earnings PEG candle, the next test would be around $134. Weekly and Monthly Fair Value Gaps: The high of the weekly fair value gap (FVG) is $128.50, which aligns with Friday's high. Rejections around this level could prompt a short trade with a stop at the pivot high. Additionally, there are FVGs around $130 and $135-$142, which should be considered in trading decisions. Plan: Bearish Under $125: Watch for bearish price action under $125 to set up a short swing trade targeting $115. Break Above $128.50: If price action confirms a break above $128.50, the next target would be a test of $134. Any rejections around $134-$135 could present shorting opportunities. MMM's price action on Friday is largely a result of a short squeeze rather than fundamental strength from earnings. Traders should pay close attention to how the price reacts at key levels ($125, $128.50, $134-$135) for potential trading opportunities, either for a continuation of the rally or a retracement. By monitoring these levels and waiting for price action confirmation, traders can better manage their entries and exits in the stock.
NYSE:MMMShort
by thinkCNE
3M Company (MMM)3M Company, a global innovation powerhouse, is showing promising bullish momentum. After a recent consolidation period, the stock has broken through key resistance levels, signaling a potential upward trend. This is evidenced by strong volume spikes and positive technical indicators. **Technical Analysis Highlights:** - **Bullish Indicators:** The stock price has recently surged past the $104 resistance, with strong buying volume. - **Entry Points:** Strategic long entries at $91.06 have proven profitable, and current momentum suggests further upside. - **MACD & RSI:** Indicators are aligning bullishly, supporting the potential for continued gains. **Fundamental Analysis Insights:** - **Revenue & Earnings Growth:** 3M has shown consistent revenue and earnings growth over the past quarters, demonstrating strong operational efficiency and market demand for its diverse product range. - **Dividend Yield:** 3M offers a solid dividend yield, making it attractive for income-focused investors. The company has a long history of paying and increasing dividends. - **Product Innovation:** 3M's commitment to innovation is reflected in its substantial R&D investments, which continue to drive new product developments and market expansion. - **Market Position:** As a leader in multiple industrial sectors, 3M's diversified portfolio mitigates risks and leverages opportunities across various markets, from healthcare to consumer goods. - **Financial Health:** The company maintains a strong balance sheet with manageable debt levels and robust cash flow, providing financial stability and the ability to invest in growth initiatives. Investors should watch for further confirmation of this trend. Positive market sentiment, coupled with strong fundamental and technical support, suggests 3M could continue to perform well in the near term. My regards….. Dr SAUD
NYSE:MMMLong
by DrSaud1
3M Pulls Back3M is emerging as a potential turnaround story following years of downside. Now trend followers may take interest in its latest pullback. The first pattern on today’s chart is the trio of high-volume bullish candles since early March. MMM raised guidance, spun off its Solventum NYSE:SOLV health-care division and then ended with a consensus-beating quarterly report. The result has been a succession of higher lows and higher highs. Is a new uptrend emerging? Next is the July 2023 high of $94.59. Prices stalled at this level in early April and bounced above it on May 8. The 50-day simple moving average is in roughly the same place. If prices remain above those spots, it may suggest a more significant turn has occurred. Finally, stochastics have dipped toward oversold territory. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:MMM
by TradeStation
3M ($MMM) Beats Profit Estimates Amidst Industry ChallengesAmidst a challenging industrial landscape, 3M Co (NYSE: NYSE:MMM ) emerges as a beacon of resilience, surpassing profit estimates in its latest quarterly report. Despite headwinds such as slow sales and inflationary pressures, the company's strategic initiatives, including price hikes and cost-saving measures, have propelled it to success. Strategic Adaptations Drive Success: 3M's ability to exceed profit expectations can be attributed to its strategic adaptations in response to changing market dynamics. By implementing price increases and undertaking cost-cutting measures, the company has effectively mitigated the impact of sluggish demand, particularly in its electronics segment. Outgoing CEO Mike Roman's emphasis on operational execution and strategic initiatives underscores 3M's commitment to driving sustainable growth and value creation for shareholders. Transformational Spin-offs and Streamlined Operations: In a strategic move to streamline its operations and focus on core competencies, 3M ( NYSE:MMM ) executed the spin-off of its healthcare business, Solventum. This strategic divestiture, coupled with workforce reductions and facility closures, has enabled the company to curb challenging market conditions and position itself for future success. The recent listing of Solventum as a separate entity on the New York Stock Exchange signifies 3M's commitment to unlocking value and maximizing shareholder returns through strategic portfolio optimization. Financial Performance Exceeds Expectations: 3M's first-quarter results surpassed analyst expectations, with adjusted profit per share of $2.39 and adjusted net sales of $7.72 billion. The company's ability to outperform in the face of industry challenges highlights its operational resilience and strategic foresight. With a dividend payout ratio expected to be 40% of adjusted free cash flow and the potential for further increases post-spin-off, 3M demonstrates its commitment to delivering sustainable shareholder value amidst a dynamic business environment. Looking Ahead: With a solid foundation built on strategic initiatives, cost efficiencies, and portfolio optimization, 3M ( NYSE:MMM ) is well-positioned to scale through future challenges and capitalize on emerging opportunities in the industrial sector. Technical Outlook 3M ( NYSE:MMM ) Stock is up 3.75% trading with a Relative Strength Index (RSI) of 70 which positions the stock in the overbought region. Hence, traders ought to be cautious in case of a trend reversal. In the last 2 weeks, the stock has consolidated in price, gathered liquidity, and formed an upside gap as a result of the Earnings beat forming a "Gapper" pattern.
NYSE:MMMLong
by DEXWireNews
3MMM Stock AnalysisIntroduction: 3MMM stock has been continuing in a downtrend channel for a long time. However, recent movements reveal an upward flag formation and a head and shoulders pattern. Technical Analysis: Upon examining the chart, it's evident that 3MMM stock has been moving within a long-term downtrend channel. However, recently, an upward flag formation has been observed. Additionally, a head and shoulders pattern is becoming more pronounced. These formations typically signal trend reversals and carry upward potential. Trading Opportunities: According to your analysis, setting the stop-loss level at $87 and considering buying if the price exceeds this level is recommended. However, it's essential to remember that every investment carries risks. Fibonacci Levels: Furthermore, it is noted that significant Fibonacci levels are indicated. Monitoring Fibonacci levels is crucial as they can help identify potential support and resistance levels in price movements. Risk Warning: It's important to remember that every investment carries risk. The buying or selling opportunities mentioned in the 3MMM stock analysis are solely personal opinions and do not constitute investment advice . You should make your investment decisions based on your own research and considering your risk tolerance.
NYSE:MMM
by Can_EasyMoney_TR