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Archive
- 5/29/2026 -
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3M Company (MMM) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a fourth consecutive positive week for the 3M Company (MMM). During the week, the MMM climbed 0.69 points, or 0.45%, and closed at 153.13 on Friday, May 29, 2026. Weekly volume was 18% above average.
 Long-term trend: [See MMM long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 85.35 and reached 177.41 on February 12, 2026. MMM gained -92.06 points, or -107.86%, in 120 weeks. The price is now at the 26.37% retracement level.
 Medium-term trend: [See MMM medium-term trend chart]
A medium-term downtrend had started on February 12, 2026 at 177.41 and reached 139.34 on March 20, 2026. MMM lost 38.07 points, or 21.46%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (142.62) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MMM may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See MMM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 19, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See MMM short-term trend chart]
A short-term uptrend had started on May 4, 2026 at 141.39 and reached 156.69 on May 27, 2026. MMM gained -15.30 points, or -10.82%, in 23 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 143.28 and resistance is at 157.89. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See MMM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 12, 2026. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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