3M Stock Technical Analysis

MMM
 Stock
  

USD 132.80  1.53  1.14%   

As of the 27th of June, 3M owns the Market Risk Adjusted Performance of (0.18), coefficient of variation of (1,101), and Standard Deviation of 1.54. In connection with fundamental indicators, the technical analysis model gives you tools to check timely technical drivers of 3M Company, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for 3M, which can be compared to its peers in the sector. Please confirm 3M Company standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if 3M Company is priced fairly, providing market reflects its prevailing price of 132.8 per share. Given that 3M Company has jensen alpha of (0.031986), we suggest you to validate 3M's latest market performance to make sure the company can sustain itself sooner or later.
  
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3M Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as 3M, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to 3M
3M's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

3M Analyst Consensus

Target PriceAdvice# of Analysts
188.54Sell13Odds
3M Company current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most 3M analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand 3M stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of 3M Company, talking to its executives and customers, or listening to 3M conference calls.
3M Analyst Advice Details
3M technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of 3M technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of 3M trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

3M Company Technical Analysis

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of 3M Company volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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3M Company Trend Analysis

Use this graph to draw trend lines for 3M Company. You can use it to identify possible trend reversals for 3M as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual 3M price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

3M Best Fit Change Line

The following chart estimates an ordinary least squares regression model for 3M Company applied against its price change over selected period. The best fit line has a slop of   -0.23  , which may imply that the returns on investment in 3M Company will continue to fail. It has 122 observation points and a regression sum of squares at 1937.64, which is the sum of squared deviations for the predicted 3M price change compared to its average price change.

About 3M Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of 3M Company on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of 3M Company based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on 3M Company stock first instead of the macroeconomic environment surrounding 3M Company. By analyzing 3M's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of 3M's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to 3M specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity1.751.411.070.92
Interest Coverage16.4713.5415.9516.37

3M June 27, 2022 Technical Indicators

Most technical analysis of 3M help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for 3M from various momentum indicators to cycle indicators. When you analyze 3M charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

3M June 27, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as 3M stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, see Stocks Correlation. Note that the 3M Company information on this page should be used as a complementary analysis to other 3M's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for 3M Stock analysis

When running 3M Company price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
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Is 3M's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.18
Market Capitalization
76.4 B
Quarterly Revenue Growth YOY
-0.002
Return On Assets
0.1
Return On Equity
0.39
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine 3M value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.