Stock Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MMM
The long term trend has been DOWN since Feb 5th, 2018 at 226.04
The intermediate term trend has been DOWN since Feb 5th, 2018 at 243.83
The short term trend has been UP since Feb 14th, 2018 at 231.97
Smart Scan Analysis for MMM
Based on a pre-defined weighted trend formula for chart analysis, MMM scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||259.77||Year High Date||2018-01-26|
|Year Low||218.18||Year Low Date||2018-02-09|
|52wk High||259.77||52wk High Date||2018-01-26|
|52wk Low||181.615||52wk Low Date||2017-02-16|
|Year End Close||92.85||Average Volume||3,189,298|
|Shares Outstanding||691,931||Short Interest||9,961,687|