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Archive
- 10/16/2026 -
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3M Company (MMM) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the 3M Company (MMM). During the week, the MMM gained 4.79 points, or 2.99%, and closed at 164.75 on Friday, October 16, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -22% below average.
 Long-term trend: [See MMM long-term trend chart]
A long-term uptrend had started on March 20, 2026 at 139.34 and reached 184.90 on July 28, 2026. MMM gained -45.56 points, or -32.70%, in 18 weeks. The price is now at the 44.23% retracement level.
 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 trend support level is at 158.99 and resistance is at 166.87. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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. 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 167.95 on October 16, 2026. MMM gained -8.74 points, or -5.49%, in 4 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See MMM daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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