pool ads3M $MMM Technical Update
The 3M (NYSE: MMM) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for MMM, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Neutral |
| P1 | 196.86 | 194.43 | 172.36 |
| P2 | 200.88 | 203.82 | 191.89 |
| P3 | 203.89 | 212.89 | 211.85 |
Support and Resistance Plot Chart for MMM
Long Term Trading Plans for MMM
August 16, 2018, 5:30 am ET
The Technical Summary and Trading Plans for MMM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MMM Report.
MMM - (Long) Support Plan
Buy over 191.89 target 211.85 stop loss @ 191.63.
The technical summary data tells us to buy MMM near 191.89 with an upside target of 211.85. This data also tells us to set a stop loss @ 191.63 to protect against excessive loss in case the stock begins to move against the trade. 191.89 is the first level of support below 198.285 , and by rule, any test of support is a buy signal. In this case, support 191.89 is being tested, a buy signal would exist.
MMM - (Short) Resistance Plan
Short under 211.85 target 191.89 stop loss @ 212.11
The technical summary data is suggesting a short of MMM as it gets near 211.85 with a downside target of 191.89. We should have a stop loss in place at 212.11 though. 211.85 is the first level of resistance above 198.285, and by rule, any test of resistance is a short signal. In this case, if resistance 211.85 is being tested, a short signal would exist.
