Stock Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
3M Co (NYSE:MMM)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 Oct 23rd, 2018 at 190.5700
The intermediate term trend has been DOWN since Dec 10th, 2018 at 196.7793
The short term trend has been DOWN since Jan 15th, 2019 at 189.4000
Smart Scan Analysis for MMM
Based on a pre-defined weighted trend formula for chart analysis, MMM scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||259.77||Year High Date||2018-01-26|
|Year Low||181.98||Year Low Date||2018-10-26|
|52wk High||259.77||52wk High Date||2018-01-26|
|52wk Low||181.98||52wk Low Date||2018-10-26|
|Year End Close||92.85||Average Volume||2,403,354|
|Shares Outstanding||691,931||Short Interest||9,961,687|