$MMM parallel down trendNYSE:MMM has monthly support at the horizontal line. needs to break this parallel down trend before it can start a new uptrend.
MMM trade ideas
✨ NEW: 3M (MMM) ✨ Swing/Position Trade ✨SLO @ 124.50 ⏳
TP1 @ 85.20
TP2 @ 60.00
BLO @ 52.80 ⏳
ADDITIONAL INFO:
Based on the fundamental analysis below, I'm anticipating a swing to the upside before price action returns to the downside and continues to drop toward Demand (75D). Once we reach Demand @ ~52.80, I'll hold this equity as a Position Trade up to Major Resistance @ ~175.75.
COMPANY REVIEW:
3M makes for a great investment because it is a diversified technology company that produces a wide range of products, including adhesives, abrasives, coatings, electronic materials, industrial tapes, medical supplies, and more. The company has a strong track record of innovation and growth, and it is one of the largest and most respected companies in the world.
3M has announced plans to invest $1 billion in research and development over the next five years. This investment will help the company to develop new products and technologies that will drive future growth.
FINANCIAL PERFORMANCE:
3M has consistently generated strong financial results over the past few years. In the most recent fiscal year, the company reported revenue of $33.8 billion and earnings per share of $10.33. 3M's return on equity (ROE) is 36.1%, which is significantly higher than the average for the S&P 500 index. 3M's stock price has been on the rise in recent months. The stock price has increased by over 20% in the past year. This is likely due to a number of factors, including the company's strong financial performance, its positive outlook for the future, and the previously low interest rates environment.
VALUATION:
3M's stock is currently trading at a price-to-earnings ratio (P/E) of 10.1. This is below the average P/E ratio for the S&P 500 index, which is 15.7. This suggests that 3M stock may be undervalued.
DIVIDENDS:
3M is a dividend-paying company. The company has increased its dividend for 60 consecutive years, which is a testament to its strong financial performance. The current dividend yield is 6.19%, which is higher than the average dividend yield for the S&P 500 index.
RISKS:
There are some risks associated with investing in 3M stock. (1) The company faces competition from other global manufacturers, (2) it is also exposed to economic downturns related to the technology sector, and (3) the raised interest rates, by the Feds, opposed to 3M's stock price. When interest rates are increased, investors are more likely to lessen their investment in stocks, However, 3M has a strong track record of innovation and growth, which should help it to mitigate these risks.
However, it is important to do your own research before making any investment decisions. You should consider your own financial situation and risk tolerance before investing in any stock.
MMM at somewhat of a discount with a 6% dividend yield.MMM has been at somewhat of a discount in my opinion for a while now considering their steady dividend of $1.50, MMM not having lowered dividends in the recent past. The P/E is 9.77 which is great for a company that is a leader in their market and a larger cap stock. The price to book is a little high at 3.4 but lower than a lot of more overpriced stocks that make as much profit.
Updating my MMM trading range: $95 - $110What a good rumor!
"3M has reached a tentative settlement worth at least $10 billion with several U.S. cities and towns to resolve water-pollution claims related to per-and polyfluoroalkyl chemicals", Bloomberg reported Friday.
The Morningstar rating system gave MMM a fair value of $127.
MMM's range trading: $90 - $100"Based on 9 Wall Street analysts offering 12 month price targets for 3M in the last 3 months. The average price target is $107.56 with a high forecast of $120.00 and a low forecast of $95.00. The average price target represents a 14.09% change from the last price of $94.28."
3M Position Trade✨ NEW: 3M...UT (3M, 3D) ✨ POSITION TRADE ✨
BLO1 @ 74.34
BLO2 @ 50.99 (Wealth Trade - I may never let this position go)
TP1 @ 112.53 (shave 25% from BLO 1)
TP2 @ 175.83 (shave 25% from BLO 1)
TP3@ 215.82 (shave 25% from BLO 1)
3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
Recently, the company has faced a major challenge involving around 260,000 pending lawsuits due to their military earplugs malfunctioning. The outcome of these legal proceedings could greatly impact 3M, either causing severe consequences or presenting a unique investment opportunity.
Our team predicts that despite the uncertainty, institutions will likely intervene and purchase 3M's stock as it returns to its established pattern of gradual and steady growth, also known as the company's intrinsic or true value. However, it is important to acknowledge that the future outcome is still subject to change and could sway in either direction.
Here is my strategy: I plan to sell 25% of my BLO1 holdings at every take profit point, while keeping the remaining amount for a long-term investment. However, I have no plans to sell any of my BLO2 holdings and will be holding them for the long term. This is commonly referred to as the "diamond hand strategy."
Happy Trading‼️
I'm looking for MMM's bottomTrading Central preference: the downside prevails as long as 104.8 is resistance.
Alternative scenario: the upside breakout of 104.8 would call for 108.4 and 110.4.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 101.992 and 103.008).
Bearish Momentum Continues Unabated: Short OpportunityThe technical outlook for MMM remains weak and the bearish momentum is showing no signs of abating. The price has been steadily declining, and multiple indicators suggest that this trend is likely to continue.
Firstly, the Moving Averages (MA) are in a bearish alignment, with the short-term MA trading well below the long-term MA. This is a classic sign of a downtrend. Furthermore, the price is trading well below the MAs, reinforcing the bearish bias.
The Relative Strength Index (RSI), a momentum oscillator, remains firmly in the oversold territory. While this often suggests a potential reversal, the lack of any bullish divergence indicates that the selling pressure remains strong.
The Moving Average Convergence Divergence (MACD) is also in bearish territory, further reinforcing our short bias. The MACD line remains below the signal line and shows no sign of a bullish crossover.
Lastly, the Bollinger Bands are showing the price trading near the lower band, which is often a sign of a strong downtrend. The bands are also widening, indicating increasing volatility and potentially further price declines.
In light of these bearish technical indicators, my trading idea is to establish a short position in MMM. Given the strength of the downtrend, I believe there is significant potential for further downside. Traders should consider setting a stop loss at a level where the technical picture changes, such as a break above the MA or a bullish MACD crossover, to manage risk effectively.
Three targets are below.
Disclaimer: This is not financial advice. Always do your own research and consider your risk tolerance before making a trade.
3M Company (MMM) | Technically ready!3M Company (MMM)
3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories.
As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.
A quite good dividend stock has arrived at the destination, hopefully :)
MMM has come down from its all-time high of more than 60%. So, to buy this you need to make also a bit of work with fundamentals but technically, as said, it has arrived inside a possible buying zone.
The technical criteria are:
1. Old resistance back in 2004 to 2012, starts to act as a support level. Yes, you can and actually you have to look back as far as possible to determine the strongest areas on the chart. The world has changed but human psychologic is still the same!
2. Mentioned many times that you have to keep an eye on the round numbers. Here is also the round number $100 and it matches with other criteria.
3. Channel projection, white lines. Typically the price moves inside the channels and sometimes it helps to find a decent support level. Currently, the projection runs nicely through the optimal buying zone.
4. Equal waves (AB=CD) and the D point, which completes the pattern, staying inside the buying zone.
5. All-time Fibonacci Golden ratio 62%. Basically draw from an all-time low to an all-time high and the Golden ratio is also there to add a bit of strength to the possible reversal area.
Technically an optimal buying zone could be $80 - $102
First targets $135-$150
Good luck!
MMM - there is a reason for its undervaluefor personal use only
According to Zacks, valuation metrics show that 3M Company may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of MMM, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
MMM 3M Company Options Ahead of EarningsIf you haven`t bought those calls here:
Then analyzing the options chain of MMM 3M Company prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-9-15
for a premium of approximately $4.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
Shiller PE Mean ReversionMMM's shiller PE of 10.72 is currently 53% below its 10 year historical mean of 23.01. MMM's Shiller PE is also ranked better than 61% in its industry. A 10-20 year mean reversion would imply a PT of 180-190. With that being said there would have to be quite a bit of fundamental changes for the company to surpass the mean and reclaim its 10 year max PE of 37.1. Any significant milestone in the litigation with probable outcomes may provided the required stabilization for reversion to mean to begin.
Litigation fears hang over MMM, but the valuation significantly decreases this risk. Withstanding the litigation, there is a disparity between the growth and valuation based on profitability relative to industry. Its growth prospects by every metric are significantly lower, than industry, however when comparing valuation and profitability-despite a decline in profitability over last 5 years, to industry MMM receives significantly higher marks by almost every metric in both categories which also significantly de-risks the litigation aspect.
From a TA perspective, MMM is currently sitting right below its lowest trendline that you'd have to go back to financial crisis and 1982 to view. The current SP is sitting at the lowest point of a primary down trend.
keep your assets 3M is in a bullish trendif you bought 3M on January 2023
keep your assets 3M is in a bullish trend
Why was crude oil so expensive in 2013?
Higher supplies and fewer threats from the Middle East were the reasons. Brent crude was $109.64 and gas reached $3.35. On November 13, Brent crude reached $107.12 and was $13.24 higher than West Texas Intermediate, the largest difference since April, due to trouble in Libya and sanctions against Iran.
Analyzing the Good and Bad of 3M: Is It a Good Investment?When a company as renowned as 3M encounters difficulties, it's important to take a closer look at what's happening and why. While you may discover good news, there's also a chance you won't, but it's better to stay informed than to regret not paying attention. So, let's examine both the positive and negative aspects of 3M today.
On the bright side, 3M has been increasing its dividend for more than six decades, making it one of the elite dividend kings. Additionally, the company's dividend yield of 5.8% is currently on the higher end of its historical range, which is a considerable draw for dividend investors. Moreover, with a consistent dividend growth rate of over 9% year-over-year for the past decade, it's easy to see why people might be interested in investing in the company's stock right now.
In terms of traditional valuation metrics like price-to-earnings, price-to-sales, and price-to-book value, 3M remains an attractive investment option. All three metrics are hovering around their five-year averages, making the company a tempting investment opportunity. However, it's important to note that Wall Street rarely shorts stocks without a good reason.
Dividends can also help provide insight into the company's performance. While the 10-year annual dividend growth rate for 3M is almost 10%, it's been declining in recent years. The average growth rate for the past five years has been just under 5%, with the average for the last three years being slightly over 1%. Furthermore, the most recent dividend increase was only 0.7%. This suggests that 3M's business has encountered adversity, and growth has slowed down.
The most significant challenge 3M currently faces is legal and regulatory issues that won't be easily resolved. The most high-profile legal issue involves lawsuits related to earplugs sold to the military, with the company winning some cases and losing others. Recently, 3M has claimed that most of the plaintiffs aren't actually suffering from hearing loss. However, the lawsuit is expensive and likely to continue for some time. If 3M loses, the defeat could result in multi-billion dollar damages.
Additionally, 3M is facing problems associated with producing "everlasting chemicals," which require costly efforts to clean up contaminated environments and may lead to years of litigation. The company plans to phase out production of these chemicals by 2025, which will result in expensive write-offs. This process will be challenging and costly.
To make things even more complicated, 3M is planning to separate its medical business, which has long been viewed as a growth platform. Although this move may cause some concern, it would protect the business from liabilities that could impact the rest of the company's operations. Separating the medical business could also result in a higher price from Wall Street than if it were part of 3M. While this could be good news for shareholders, it does add complexity to the situation.
Considering the long-term challenges 3M faces, it may not be a suitable investment for risk-averse investors due to the numerous company-specific concerns. However, it may make sense for more aggressive investors willing to take a bet on a company with an investment grade and a market capitalization of $50 billion, despite significant stock declines and legal and regulatory issues. Stocks don't enter the deep value zone for no reason, but investors must be prepared to weather the uncertainty if they decide to invest.
$MMM The best buying opportunityMMM DAILY CAHART shows a buy chance if you want to swing, And here is divergence about Downtrend2 and Downtrend1,so we can entry and go long,stop loss position will be 100.27 and the target around 149.
149 can consider the first profit position, and if the breakout of the central is strong, then consider adding to the position after entering the pivot and pulling back without dropping below the central position. This depends on whether the rally enters the central or not. We make position adjustments based on the actual trend.
3m or MMM or mistake=magic=profitHello, today we will look at 3m company. I like the company and the stock. Considering their inception 1902, before stock market were created, I consider this company very stable to live thru everything of last century. I do like that they make lot's of items for us, 60000 different products and counting. They are nice company to work for as far as I know. And as a manufacturing person I enjoy companies that support me with good PPE, adhesives and sticky notes :)
Now, back to trading. Their all time high were 250-275, something like that, @ 2018. Then they were dunking since and reached the major drop during beginning of pandemic on march-feb 2020. Bounce back with all the indexes to 200 or so. Then Crash and Burn to what ever it's now. Around 100 bucks.
I think the max low will be about 90-95. Dead cat bounce to 138.90. Then sideways, back up a little to 118, then shoot to closer 156, rejected, 144-46, break thru to 168, settle at 155. Then I don't know. I am want to play on dead cat bounce after this drop. Just to put a time frame. 90 around august 2023. Bounce close to end of November 2023, correction on December 2023, rise on jan 2024 till 156 @ Aug 2024.
Problematic: It'll get there but time frames might shift.
Personal: Shares with dividends here. Very small options and if any then for AUG 2024 @ 150-200 From now at 100. These company a good company for decades of investing, especially on generational shifts and overpopulation and manufacturing upcoming boom in USA. ( or what ever those 80 billion will be used for ).
That's an idea.
3M Monthly Chart Signaling Further DownsideMMM has entered a downtrend on its monthly time frame.
Downtrend was confirmed with a lower high in June of 2021, followed by a retest of strong support at 108 a share (which is also where the 200-day SMA currently sits).
3M may get a short-term bounce due to oversold reads on indicators, but this stock is clearly in a downtrend. The next big move in the medium term will be to the 62-69 support zone. Notice how there's virtually no support between 108-69.
Good luck! This is not financial advice.
