StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/26/2024 16:29:00 EST
3M Company (MMM)
Industry: Conglomerates
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MMM has been trading in a range between $104.97 and $99.69 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MMM is breaking above top of the recent 20 day range at $110.00 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
3M Company $MMM entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $113.69, a potential down side of -10.59% from the recent price of 127.16. The stock is trading -17.02% (potential upside) below its 52 week high of $105.52 and 85.28 % (potential downside) above its 52 week low of $68.63 - based on the recent price.
Company Summary
3M Company provides diversified technology services in the United States and internationally The company's Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. Its Transportation and Electronics segment provides ceramic solutions; attachment/bonding products, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; semiconductor production materials; data centers solutions; and reflective signage for highway, and vehicle safety.
News
| S&P 500 Gains and Losses Today: 3M Stock Skyrockets After Beat-and-Raise Report Major U.S. equities indexes saw significant gains on the final day of a volatile trading week after the latest Personal Consumption Expenditure (PCE) data revealed price increases ticked downward in June. Source: Investopedia Fri, 26 Jul 2024 18:02:20 -0400 Sentiment: Positive |
| Stock Market Today: Dow Adds 654 Points as 3M Stock Explodes Higher It was a risk-on day for stocks thanks to an upbeat inflation reading and impressive earnings from 3M and Deckers. Source: Kiplinger Fri, 26 Jul 2024 16:14:40 -0400 Sentiment: Positive |
| S&P 500 Gains Over 1%; 3M Shares Jump After Q2 Results U.S. stocks traded higher toward the end of trading, with the S&P 500 gaining more than 1% on Friday. Source: Benzinga Fri, 26 Jul 2024 14:33:37 -0400 Sentiment: Positive |
| 3M (MMM) Q2 Earnings & Revenues Surpass Estimates, Rise Y/Y 3M (MMM) reports y/y adjusted revenue growth of 1.1% in second-quarter 2024 results. Source: Zacks Investment Research Fri, 26 Jul 2024 14:25:37 -0400 Sentiment: Positive |
| Chart of the Day: 3M Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to discuss our Chart of the Day. She owns it. Source: CNBC Television Fri, 26 Jul 2024 13:02:31 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 128.025 52 Week Low: 68.6329 Beta: 1.001 50 Day MA: 102.2262 200 Day MA: 88.9314 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.051 Qtr Revenue Growth YOY: -0.003 Forward PE: 10.6045 Trailing PE: 49.4786