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MMM

US100 daily time frameGood morning traders, I have been quiet for a while, I hope everything has been going well. My US100 daily tf analysis. I have posted the daily analysis on this pair before, hoever this is an update on how it is playing out. If you look at the left of the chart, you can see that market reversed after an uptrend(cant be seen) I want to point out the 3 levels that price moved down after this reversal(marked on the chart). After these 3 levels of retest and fall, The market then formed a massive double bottom, which was made up of 2 smaller double bottoms as shown on the chart. We have been buying this pair for over a month now, with sells in between(because market always has to retrace) So as it stands now, market had formed the double bottom on the daily time frame, so we are in for very strong buy, for the next few months if this reversal is respected as analysed. Price at the moment has broken above the 200 and 800 ema resistance, making it a support. Price went down to retest that zone the day before yesterday, and yesterday it began the move up. So I expect buys on this pair, and will wait for the correct signal to enter, as I closed my sell trades yesterday from the day before.
ULong
by faddy
5
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
1
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
CAT blue chip industrial LONGCAT on the daily chart has trended down more or less since the last earnings beat 6-7 weeks ago. It has now found support at the 0.5 and 0.612 Fibonacci levels confluent with the mean VWAP anchored back 6 months. The Bollinger Band Trend shows a narrow band with for the first time this year. The Relative Trend Index is negative but about to go neutral. I see this as opportunity to take a long trade well ahead of the next earnings. I assume CAT may have solid earnings in the current quarter as its equipment production is purchased by those in the construction industry making expenditures for residential as well as road construction and repair. The Chris Moody RSI indicator shows both lines inflecting in bullish divergence which supports a long trade.
NYSE:CATLong
by AwesomeAvani
ICT's Market Maker Model - An Easy to Understand GuideIn this video I try to explain ICT's Market Maker Model as simply as I can. This model basically depicts how smart money efficiently facilitates their positions in the marketplace. It is important to understand some concepts beforehand, such as liquidity, AMD/PO3, market efficiency, crowd mentality, and the fractal nature of price. I hope you find the video insightful and that it helps you utilize Market Maker Models in your trading. - R2F
Education
by Road_2_Funded
4
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
Analyzing 3M's PFAS Settlement: Impact on Stock PerformanceOn March 29, 3M ( NYSE:MMM ) announced that the settlement agreement with US public water suppliers (PWS) to address the presence of per- and polyfluoroalkyl substances (PFAS) in drinking water has received final approval from the US District Court in Charleston, South Carolina. The now-finalized agreement will offer support to PWS that detect PFAS at any level or may do so in the future, benefiting US-based PWS that provide drinking water to Americans across the country. The agreement was widely accepted and participated in by US PWS. As previously disclosed, 3M ( NYSE:MMM ) has recorded an accrual of $10.3 billion for this matter, which reflects the pre-tax present value of the expected payments over 13 years under the agreement. Payments under the agreement are scheduled to begin in the third quarter of 2024, provided there are no pending appeals of the final approval order. 3M ( NYSE:MMM ) also continues to actively engage in insurance recovery activities. In other news, Solventum celebrated its initial trading day as a publicly traded company on April 3. Solventum is a global healthcare leader with a diverse collection of strong, trusted, reputable brands and deep innovation capabilities; it is well positioned for success. It has a workforce of 22,000 employees led by CEO Bryan Hanson, CFO Wayde McMillan, and Board Chair Carrie Cox. Solventum offers solutions across four business segments – Medical Surgical, Dental Solutions, Health Information Systems, and Purification and Filtration. The company has a long heritage of creating innovative solutions that address its customers' most pressing issues related to patient care, efficient processes and workflow, and safety and accuracy standards. Solventum colleagues worldwide are united in their mission to enable better, smarter, safer healthcare to improve lives. For instance, Solventum products have been used in over two billion dental restoration procedures worldwide and are estimated to treat 1.6 million hard-to-heal wounds annually. Software solutions are used in many health systems worldwide, including over 75% of US hospitals, and membrane technology is currently utilized in more than 25 million life-saving dialysis treatments annually. By listening to healthcare providers and patients, Solventum will continue to seek new ways to achieve positive health outcomes and more efficient care. Solventum's CEO and members of the Solventum Leadership Team celebrated the company's first day as a publicly traded company by ringing the Opening Bell at the NYSE on April 3.
NYSE:MMMLong
by DEXWireNews
3M Shares Jump, As it Hires Outsider Bill Brown as CEOIndustrial conglomerate 3M ( NYSE:MMM ) has made a strategic move by appointing Bill Brown, former CEO of L3Harris Technologies, as its next chief executive officer. The decision comes amidst a challenging period for 3M ( NYSE:MMM ) , marked by declining sales and the looming repercussions of several lawsuits. With 3M's ( NYSE:MMM ) shares rallying nearly 7% following the announcement, the company is banking on Brown's expertise to navigate through turbulent waters and drive transformative change. Embracing Change Amidst Turmoil: 3M's decision to bring in an external CEO signals a clear desire for change amidst challenging financial and stock market performance. Analysts view this move as a positive step forward, particularly as the company grapples with the fallout from lawsuits related to its earplugs and environmental contaminants known as "forever chemicals." Brown's appointment represents a strategic pivot for 3M, leveraging his track record of driving margin improvement and implementing bold strategic initiatives. Navigating Industry Challenges: The industrial giant faces headwinds from a muted macroeconomic environment, particularly impacting its electronics business, which manufactures displays for smartphones and tablets. Slowing discretionary spending, particularly in China, has added to the company's woes. However, Brown's reputation for driving efficiency and executing strategic maneuvers positions 3M favorably to address these challenges head-on. Legal Settlements and Restructuring Efforts: 3M's ( NYSE:MMM ) recent legal settlements, including a $6.01 billion agreement to resolve claims related to Combat Arms earplugs and a tentative $10.3 billion settlement for water pollution claims, have put a strain on its financials. To mitigate the impact of slowing demand and legal liabilities, the company has embarked on a major restructuring initiative, involving job cuts and the spinoff of its healthcare business into a separate entity. These efforts underscore 3M's commitment to adapting to evolving market dynamics and restoring shareholder confidence. Conclusion: As 3M ( NYSE:MMM ) prepares for a leadership transition, stakeholders are cautiously optimistic about the company's future under Bill Brown's stewardship. With a proven track record in the aerospace and defense industry, Brown brings a wealth of experience and strategic vision to 3M. Despite the challenges ahead, including ongoing legal battles and market headwinds, 3M's appointment of an outsider as CEO signals a commitment to driving transformative change and positioning the company for long-term success in a rapidly evolving landscape.
NYSE:MMMLong
by DEXWireNews
3M (MMM) Navigates Challenges and Beats Earnings Estimates In a recent quarterly report, multinational conglomerate 3M ( NYSE:MMM ) showcased resilience in the face of challenges, beating earnings estimates for the fourth quarter of 2023. The maker of iconic products like Post-it notes and Scotch tape reported adjusted earnings of $2.42 per share, surpassing the Zacks Consensus Estimate of $2.31 per share. This marks a positive trend for the company, which has consistently outperformed earnings expectations over the last four quarters. Earnings Performance: 3M's earnings surprise of 4.76% in the latest quarter follows a robust performance a quarter ago, where the company exceeded expectations by a substantial 14.53%. Despite facing headwinds, 3M has demonstrated its ability to adapt and deliver strong financial results. The company's earnings growth from $2.28 per share a year ago to the current $2.42 per share reflects a steady upward trajectory. Revenue Resilience: While the quarterly revenues of $8.01 billion slightly fell short of the year-ago figure of $8.08 billion, 3M managed to beat the Zacks Consensus Estimate by an impressive 4.25%. This consistent ability to surpass revenue expectations highlights the company's agility in navigating market challenges. Guidance and Market Response: Despite the positive financial results, 3M's stock experienced an 11% drop to a seven-week low after the company provided its earnings guidance for 2024. The projected adjusted earnings of $9.35 to $9.75 per share fell below the consensus estimate of $9.82 per share. The market response underscores the significance investors place on forward-looking guidance. CEO Perspective and Strategic Initiatives: 3M's Chairman and CEO, Mike Roman, expressed optimism about the company's performance in 2023, citing successful execution of priorities, expansion of operating margins, and progress in organizational restructuring. The CEO emphasized initiatives such as simplifying the supply chain, advancing the healthcare spin-off, and addressing legal matters, including resolving litigation related to products like earplugs for soldiers and environmental concerns. Investor Concerns and the Path Forward: The discrepancy between the company's strong quarterly results and the cautious outlook for 2024 raises questions among investors. The potential impact of ongoing legal matters and the restructuring efforts initiated by 3M add an element of uncertainty. Investors are keenly awaiting insights from management during the upcoming earnings call, seeking clarity on the company's strategies to overcome challenges and capitalize on opportunities in the coming year. Conclusion: 3M's recent financial performance reflects a mix of resilience and caution, with the company navigating challenges successfully in the past year. As investors assess the stock's future potential, the focus shifts to management's commentary on the earnings call, where insights into the company's strategies, risk mitigation, and growth plans will play a crucial role in shaping investor sentiment. 3M's journey in 2024 will be closely watched, and the stock's trajectory may depend on how well the company addresses investor concerns and executes its strategic initiatives.
NYSE:MMM
by DEXWireNews
3M's net profit is up. What about its shares? 25/10/2023Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations. In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US average. Therefore, it will be interesting to look at the 3M Co. (NYSE: MMM) stock chart today. On the D1 timeframe, support has formed at 85.35, with resistance at 90.30. These levels are determined based on the price's highs and lows during the resulting downward trend. In addition, a "double bottom" trend change pattern has been formed. If the resistance level is broken through (the bar on D1 closes above 90.30), the stock price may rise to 108.37. On the H1 timeframe, after resistance at 90.30 is broken through, the short-term target for the price increase is around 98.09; while in the medium term, it could reach 108.37. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:MMM
by RoboMarkets
MMM 3M Company Options Ahead of EarningsIf you haven`t bought MMM ahead of the previous earnings: Then analyzing the options chain and the chart patterns of MMM 3M Company prior to the earnings report this week, I would consider purchasing the 87usd strike price Calls with an expiration date of 2023-11-3, for a premium of approximately $2.39. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:MMMLong
by TopgOptions
1
$MMM Parallel Downtrend BreakNYSE:MMM Bearish to Bullish Reversal, In a notable development for 3M Company ( NYSE:MMM ), the stock appears to have broken its parallel downtrend, a pattern that has been influencing its price movement for an extended period. A parallel downtrend consists of two downward sloping trend lines that chart the lower highs and lower lows of an asset over time. This break could signify a potential shift in investor sentiment and may be indicative of a forthcoming bullish cycle. The break from a downtrend is often considered a bullish signal in technical analysis and could be followed by an upward momentum. However, traders should exercise caution and look for confirmation through other technical indicators such as volume, moving averages, or Relative Strength Index (RSI) to validate the trend reversal. High trading volumes accompanying the break could bolster the case for a sustained upward trajectory.
NYSE:MMMLong
by AlgoTradeAlert
3M Company Is At Technical Support3M Company with ticker MMM has been trading bearish for the past 5 years, actually since the beginning of 2018, where we see a completed higher degree wave III. The wave structure from 2018 highs is in three waves A-B-C, which indicates for a higher degree wave IV correction. We can now see it sitting at interesting 90 support area, especially if we consider equal wave length of waves A=C that stopped at the former wave 3 swing high resistance around that 90 area. A recovery back above channel resistance line and 210 region would be definitely signal that higher degree wave V is in progress, which would send the price back to all-time highs.
NYSE:MMMLong
by ew-forecast