X Force Global Analysis: 3M (MMM) is a multinational conglomerate corporation operating in the fields of industry, worker safety, US health care, and consumer goods. In this analysis, we take a purely technical approach to the stock, assessing its bullish probabilities. Analysis - What's most noticeable in 3M's weekly chart is the descending parallel...
Dates in the future with the highest probability for price direction reversals
MMM continues to show weakness in the attempt to bottom. Currently, the trend is at risk of continuing to move downward. The stock has failed to break through weak resistance in recent runs upward.
MMM is at a previous yearly low. It rebounded with a gap, an early sign of a potential bottom. Traders who sell short should consider this a higher-risk trade at this time.