REPORTING FOR 2019-11-08 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how MMM has been trading over the last 2 weeks and the past day especially. On its latest session, 3M Company ($MMM) opened at 175.73, reaching a high of 176.71 and a low of 173.79 before closing at a price of 174.52. There was a total volume of 3350922.
VOLUME INDICATORS FOR 3M COMPANY ($MMM): We saw an accumulation-distribution index of 10899.47673, an on-balance volume of -174.0, chaikin money flow of 4.95918 and a force index of -0.015. There was an ease of movement rating of 0.00065, a volume-price trend of 9.41757 and a negative volume index of 1000.0.
VOLATILITY INDICATORS FOR 3M COMPANY ($MMM): We noted an average true range of 2.28122, bolinger bands of 175.09733, an upper bollinger band of 171.05267, lower bollinger band of 173.79, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 175.41, high band keltner channel of 174.43, low band keltner channel of 176.39, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 173.79, a donchian channel low band of 173.79, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.
TREND INDICATORS FOR 3M COMPANY ($MMM): We calculated a Moving Average Convergence Divergence (MACD) of -0.03208, a MACD signal of -0.01782, a MACD difference of -0.01426, a fast Exponential Moving Average (EMA) indicator of 173.79, a slow Exponential Moving Average (EMA) indicator of 173.79, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.3004, a trix of 5.30195, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -8.81769, a KST Oscillator (KST) of 53.44952 and a KST Oscillator (KST Signal) of 53.44952 (leaving a KST difference of -2.16703). We also found an Ichimoku rating of 176.22, an Ichimoku B rating of 176.22, a Ichimoku visual trend A of 167.82978, an Ichimoku visual trend B of 167.3995, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.
MOMENTUM INDICATORS FOR 3M COMPANY ($MMM): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 81.96639, a stochastic oscillator of 297.95918, a stochastic oscillator signal of 297.95918, a Williams %R rating of 197.95918 and an awesome oscillator of -0.68417.
RETURNS FOR 3M COMPANY ($MMM): There was a daily return of 5.34495, a daily log return of -0.82624 and a cumulative return of -0.82283.
What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-08 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for 3M Company ($MMM)…
DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling 3M Company ($MMM) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.