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Archive
- 10/30/2026 -
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3M Company (MMM) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the 3M Company (MMM). During the week, the MMM climbed 0.88 points, or 0.51%, and closed at 174.34 on Friday, October 30, 2026. Weekly volume was -15% below 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 184.90 on July 28, 2026. MMM gained -99.55 points, or -116.64%, in 144 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 152.36 and resistance is at 191.65. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See MMM medium-term trend chart]
A medium-term downtrend had started on July 28, 2026 at 184.90 and reached 159.21 on October 12, 2026. MMM lost 25.69 points, or 13.89%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (158.46) 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 September 18, 2026. 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 October 12, 2026 at 159.21 and reached 178.79 on October 30, 2026. MMM gained -19.58 points, or -12.30%, in 18 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See MMM daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 13, 2026. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (172.68) comes close to the price (174.34). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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