The Greedy Trader Weekly Analysis
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- 3/21/2025 -
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3M Company (MMM) Technical Analysis

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Summary:
Weekly :Trend resistance at 149.21
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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During the week, the MMM has not change and closed at 150.40 on Friday, March 21, 2025. Weekly volume was -12% below average.

Long-term trend: [See MMM long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 259.77 and reached 85.35 on October 23, 2023. MMM lost 174.42 points, or 67.14%, in 299 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (149.21). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See MMM medium-term trend chart]
A medium-term uptrend had started on October 25, 2024 at 124.50 and reached 156.40 on March 3, 2025. MMM gained -31.90 points, or -25.62%, in 18 weeks. The price is now at the 18.81% retracement level.

Weekly Technical Indicators: [See MMM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since January 17, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 7, 2025 at 140.80 and reached 154.00 on March 17, 2025. MMM gained -13.20 points, or -9.38%, in 10 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (153.55) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.48
Williams' Percentage Range (W%R) 41.70
Lane's Stochastic (%D-Slow) 79.35
Greed/Fear Indicator (GFI) 61.06
Moving Average Converg./Diverg. (MACD) 0.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.09
Williams' Percentage Range (W%R) 20.40
Lane's Stochastic (%D-Slow) 75.38
Greed/Fear Indicator (GFI) 71.85
Moving Average Converg./Diverg. (MACD) 7.16
Trading Signals
Description Value Chart
Weekly Trendline Resistance 157.73
Upper Bollinger Band 155.22
Weekly Trendline Support 153.55
Weekly Stochastic Crossing 152.47
Daily Stochastic Crossing 152.03
Price 150.40
20 Day Moving Average 149.28
Yearly Trendline Resistance 149.21
50 Day Moving Average 147.86
Lower Bollinger Band 143.90
Parabolic System 141.69
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Industrial Conglomerates 102
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 154.00
High Date 03/17/2025
Low 148.10
Low Date 03/21/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 157.73
Support 153.55
Low 140.80
Low Date 03/07/2025
High 154.00
High Date 03/17/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.50
Low Date 10/25/2024
High 156.40
High Date 03/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.35
Low Date 10/23/2023
High 156.40
High Date 03/03/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 149.21
Support 74.13
High 259.77
High Date 01/26/2018
Low 85.35
Low Date 10/23/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.