Million

Resistance

Simply

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MMM stock price decreased by 4.24% over the past week and the current price is trading below major EMA’s.</a> </li> 
 <li> <span>2</span> <a>3M Company ( NYSE: MMM) stock’s 52-week price range is $92 – $133.</a> </li> 
</ul> 
<p>3M Company (MMM) stock market capitalization is $57.352 Billion and the total revenue is $34.229 Billion. Moreover, the stock’s basic EPS is -$2.82 and the price-to-earnings ratio is -39.1. 3M Company (MMM) experienced an decline in its earnings at a rate of 3.1% per year on average, which is according to Simply Wall St., a financial website. The industrial sector’s average annual earnings growth is 52.0%. Therefore, MMM earnings are extremely lower than the industry average.</p> 
<p>Moreover, 3M Company (MMM) stock performed well in the last month, increasing by 5.23% and plummeting by 8.24% in the last six months. 3M Company (NYSE: MMM) stock has a negative year-to-date return of 14.50% and a one-year return of 30.68%. The average volume is 3.475 Million and the current volume is 2.202 Million where the current volume is below average volume.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-mmm-stock-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of MMM Stock Stock Price in 1-D Timeframe</strong></h2> 
<p>The price action shows that 3M Company ( NYSE: MMM) stock price took support at $95.58 and has been on an inclining trend for the last three months, increasing by making higher highs and higher lows.&nbsp;</p> 
<p>At the time of writing, MMM stock is trading at around $103.90 and faced a significant sell-off at $111.89 and declining from the last two weeks making continuous lows after Q3 earning report declaration.</p> 
<p>Therefore, if the MMM price fails to sustain the current level and drops, it might hit the nearest support levels of $100.21 and $95.58.</p> 
<p>However, if it maintains the current level, the MMM prices could continue to move upward and reach the first and second resistances of $111.89 and $116.85.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/uF1mqSJEYeDIi0R1c52u-hEWLpu4mUfmC2bCLvJ9s75mRJ2qIszs3pGGRwvb7PD2ZYT8QGvdu9FpPhRuIcqLQIhBuutsta95jrXdHp2gkG4EpFVPElAoJzVwVvcvVCi70Bodwi5ADbj9VvlWfNpCSMw" alt="3M Stock Price Prediction: Can MMM Stock Rebound From CMP?"> 
  <figcaption class="wp-element-caption">
    Source: MMM.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, 3M Company. (NYSE: MMM) is trading below the 20, and 50-day EMA (exponential moving averages), which rejects the MMM price trend.&nbsp;</p> 
<p>Hence, the MMM price is expected to move downwards showing a bearish overview over the daily time frame chart.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/L3ut0gswx3e1vJIyRE4SXVWzk1kz3IIx-Di0Xa8xvtCNsHcDQWMqkVKrQngwRFmG7GxwRpOmqRuT9P3TTLpo-yG1iVW_ghiixEpy4z_NPx63wsdPDrVPlACnTsWdBkhNhPW_t6VKv9K50oREKC8dw-o" alt="3M Stock Price Prediction: Can MMM Stock Rebound From CMP?"> 
  <figcaption class="wp-element-caption">
    Source: MMM.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 45.98 points. The 14 SMA is above the median line at 59.80 points which indicates that 3M stock is in bearish territory and below 14 SMA, indicating the bearishness for the 3M stock.</p> 
<p>The MACD line at 0.7601 and signal line at 1.59 are above the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which might signal more bearishness for the 3M stock price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/06/26/mmm-stock-rose-despite-major-sell-off-good-time-to-buy/" target="_blank" rel="noopener noreferrer nofollow">3M Company. (NYSE: MMM)</a> indicates that the investors and traders of the stock price are bearish on the 1-D time frame. The price action reflects a bearish outlook at the time of publishing. The technical analysis tools of the 3M stock price also support the bearish trend. The MACD, RSI, and EMA highlight negative signals and imply that the downtrend may continue in 3M’s stock price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels for 3M’s stock price are $100.21 and $95.58.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels for the 3M stock price are $111.89 and $116.85.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

3M Stock Price Prediction: Can MMM Stock Rebound From CMP?

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