In a recent quarterly report, multinational conglomerate 3M ( NYSE:MMM ) showcased resilience in the face of challenges, beating earnings estimates for the fourth quarter of 2023. The maker of iconic products like Post-it notes and Scotch tape reported adjusted earnings of $2.42 per share, surpassing the Zacks Consensus Estimate of $2.31 per share. This marks a...
MMM has been demonstrating robust financial performance, with earnings for the last two quarters coming in at $7.7 billion and $7.9 billion respectively. Currently, the stock is trading at the lower edge of its upper trend channel, indicating a potential buying opportunity for investors. Key levels to watch include $102, $105, and $112, which could serve as...
3M had a decent earningsreport, however investors were not happy with the lack luster revnue forecast for 2024. Largest selloff since 2019. This opens up a great potential play. Short term fib retracement to .618, Has potential to keep moving to the downside. However some strong support at 93. And a bottom support of 85. Now for the upside potential. Looking at...
3M has been in a downward trend since 2019. I found a good entry opportunity between 101 and 99 usd. SL with 15% at around 86 usd. All targets are listed, even if SL doesn't hold, 3M is a company that offers good long-term investments.
MMM has constantly failed to hold above the 200 ema on the day candles. I will be taking small positions averaging in. If there are a few open and closes above the 200 ema I will cut losses. Buying 100 and 95 puts for February
I entered a trade on NYSE:MMM yesterday as the stock pulled back to the previous diagonal resistance after the previous day breakout.
Today the price seems to be continuing its bullish movement after a simple S/R flip.
The moving averages are all sloping up showing short term bullish momentum.
We see that the oscillators are overbought in the short term so we...
Earnings season continues in the US, and 3M reported its second consecutive increase in net profit, with 2.68 USD per share, which is higher than the company's or analysts' expectations.
In addition, the company is a dividend aristocrat. At the time of writing this text, the dividend yield of the company's securities was at 6.83%, significantly higher than the US...
If you haven`t bought MMM ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of MMM 3M Company prior to the earnings report this week,
I would consider purchasing the 87usd strike price Calls with
an expiration date of 2023-11-3,
for a premium of approximately $2.39.
If these options prove to be profitable prior to the...
NYSE:MMM Bearish to Bullish Reversal, In a notable development for 3M Company ( NYSE:MMM ), the stock appears to have broken its parallel downtrend, a pattern that has been influencing its price movement for an extended period. A parallel downtrend consists of two downward sloping trend lines that chart the lower highs and lower lows of an asset over time. This...
The 3M stock was able to undershoot the support at $92.38 in the past weeks. Now it is not far to the green target zone between $83.82 and $74.28, where we expect the low of the white wave (II). To capitalize on the expected change in direction, long positions can be opened within the zone. Stops should be placed about 1% below the zone, as a 36% likely...
NYSE:MMM With the earnings report scheduled for October 24, the stock recently rebounded from a support level. Notably, the MACD indicator exhibited a bullish crossover, and the RSI has exited the oversold region.
The risk-reward profile seems appealing at this point.
Potential Targets:
$93
$96
$105
Downside Risk:
$83
📈🚀💼
NOW I am interested to introduce you this share ,,,,by sharp drop condition through 62-70usd it will bring my attention to long that .....dont forget this in your portfolio ....
Gooood Luuuuuck
MMM long position.
Market touched a lower Lin Reg and below MACD on H4.
Confirmation on H1 to take long position with 2 TP.
Tp1 at $103 and 2nd at $112.
SL at $97.14.
Warning!!!!
This content should not be interpreted as financial advice
With the lawsuit finally settled for 3M, the base that 3M has been forming might finally play out.
Longer term position and play, RSI and MACD look good on the larger time scales. Stop below the lows.
