The Greedy Trader Weekly Analysis
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- 1/16/2026 -
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3M Company (MMM) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overboughtPrice has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the 3M Company (MMM). During the week, the MMM gained 2.56 points, or 1.55%, and closed at 167.80 on Friday, January 16, 2026. Weekly volume was 14% above average.

MMM is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MMM long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 122.00 and reached 174.69 on December 3, 2025. MMM gained -52.69 points, or -43.19%, in 34 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 160.57 and resistance is at 179.07. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See MMM medium-term trend chart]
A medium-term downtrend had started on December 3, 2025 at 174.69 and reached 158.45 on December 23, 2025. MMM lost 16.24 points, or 9.30%, in 2 weeks. The price is now at the 57.57% retracement level.

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

The weekly MACD line is below its signal line since December 19, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 December 23, 2025 at 158.45 and reached 173.06 on January 15, 2026. MMM gained -14.61 points, or -9.22%, in 23 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 162.16 and resistance is at 173.79. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See MMM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since January 5, 2026. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.50
Williams' Percentage Range (W%R) 29.10
Lane's Stochastic (%D-Slow) 84.14
Overbought
Greed/Fear Indicator (GFI) 72.52
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.08
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 44.21
Greed/Fear Indicator (GFI) 57.45
Moving Average Converg./Diverg. (MACD) 4.63
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 179.07
Weekly Trendline Resistance 173.79
Upper Bollinger Band 172.87
Daily Stochastic Crossing 170.79
Price 167.80
50 Day Moving Average 166.17
Weekly Stochastic Crossing 164.81
20 Day Moving Average 164.03
Parabolic System 163.95
Weekly Trendline Support 162.16
Quarterly Trendline Support 160.57
Lower Bollinger Band 158.87
Sector and Industry
Description Name Rank
Sector Industrials 11
Industry Industrial Conglomerates 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 173.06
High Date 01/15/2026
Low 167.00
Low Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 173.79
Support 162.16
Low 158.45
Low Date 12/23/2025
High 173.06
High Date 01/15/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 174.69
High Date 12/03/2025
Low 158.45
Low Date 12/23/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 179.07
Support 160.57
Low 122.00
Low Date 04/07/2025
High 174.69
High Date 12/03/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.35
Low Date 10/23/2023
High 174.69
High Date 12/03/2025
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.