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3M Company33

3M Company

149.30USDR
−1.52−1.01%
At close at Jul 24, 23:54 GMT
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MMM trade ideas

$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.
NYSE:MMMLong
by CryptoParadiseVIP
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.
NLong
by biggriz
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.
NShort
by Gooby_Trades
4
3M is Near Bottom Valuation3M stock is considered very cheap as it is traded at 3.5x PB ratio. Even though the company has an decreasing future net income, it still has pretty strong revenue. 3M price is moving downward faster than it's strong fundamental. So it left room for potential upward gain, as it is now considered cheap in term of financial valuation. What is needed by the company is just a reduction of the cost and operate more efficiently. It that could be done I think 3M price could bounce up strongly. We are using Stock Value Rainbow to evaluate stock valuation based on four valuation metrices: book value, earning, dividend and cash flow. The rainbow color depict the multiples values of all these four factors sum up together. The rainbow above the gray lines represent 1x, 2x, 3x, .., 10x of stock value. While rainbow below the gray line represent 0.8x, 0.6x, 0.4x, 0.2x stock value. The higher the value the more expensive the stock, the lower the value the cheaper it is according to these fundamental or financial valuation metrices.
N
by danny_peanuts
3M Co. (MMM) bearish scenario:The technical figure Triangle can be found in the daily chart of the US company 3M Co. (MMM). 3M (originally the Minnesota Mining and Manufacturing Company) is an American multinational conglomerate operating in the fields of industry, worker safety, U.S. health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films. The Triangle broke through the support line on 20/01/2023. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 22 days towards 108.57 USD. Your stop-loss order, according to experts, should be placed at 129.63 USD if you decide to enter this position. Wall Street will be looking for positivity from 3M as it approaches its next earnings report date. This is expected to be January 24, 2023. On that day, 3M is projected to report earnings of $2.34 per share, which would represent year-over-year growth of 1.3%. Meanwhile, our latest consensus estimate is calling for revenue of $8.04 billion, down 6.69% from the prior-year quarter. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NShort
by legacyFXofficial
2
MMM 16 DEC 120/125/130 BUTTERFLYSIDEWAYS RANGE TRADE SET UP: For the most part, this has been making relatively equal highs and lows between....let's call it 120 and 130. The 20 day and 50 day are flattening and it's not in any strong rally or strong pull back. I determined my target using the hour chart. I was thinking about having this expire this Friday, but I didn't feel that was enough time so I put it out until next week. I'm set up for max loss and risking only about 1% of my portfolio.
N
by MMOTA_
MMM. Long Term ShortMMM has been dying since I found it at $129. It has broken past both targets(Refer to previous MMM ideas). MMM is definitely down trending. Most likely it'll continue this way unless, there is a catalyst(positive news, etc) My next short term target price is $104. I do believe that we'll see $90 in the next 30 days. Entry: $109-108.50 1st Target: $104 2nd Target: $90 3rd Target: $70 S.L: $111(May have false break out to $115 Be patience. Be blessed.
NShort
by MaryBlossomJ