3M Wave Analysis – 27 March 2025
- 3M reversed from resistance area
- Likely to fall to support level 147.00
3M recently reversed down from the resistance area between the key resistance level 154.00 (which has been reversing the price from the end of January) and the upper daily Bollinger Band.
The downward reversal fro
3M: Higher High ExpectedAt the start of the year, MMM continued to rise higher before the rally temporarily transitioned into a consolidation phase. February brought slight downward pressure, but after a brief spike back to $141 last week, buying interest returned noticeably. This triggered a strong upswing, with the stock
MMM Technical Outlook: Potential Buy SetupMMM is in a strong bullish uptrend after finding support around the 76 zone in March 2024. The stock has posted positive earnings for four consecutive quarters, meeting expectations. Trading above the daily trendline, it's likely to fill the gap formed after January earnings, setting up a new higher
Larger corrective structure over, impulse move upNYSE:MMM has been on a corrective phase since 29 Jan 2018 peaks and it has been on a extended double three corrective wave based on the weekly chart shown. Furthermore, the stock has also broken out of the corrective descending channel, which marks the end of the corrective move. Currently, the sto
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3M (MMM): Patience Before Next StepsWall Street analysts estimate that 3M will report quarterly earnings of $1.66 per share next week, reflecting a significant 31.4% year-over-year decline. Revenues are projected at $5.79 billion, down 27.7% compared to the same quarter last year.
As we mentioned previously, we have not yet set a cle
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Displays a symbol's price movements over previous years to identify recurring trends.
Curated watchlists where MMM is featured.