3M Company (MMM)
3M Company (MMM), which trades on the New York Stock Exchange, has achieved an SIA SMAX Score of 9 out of 10. Near-term support is located at the 3-box reversal level of $171.41, followed by additional support at $152.20 and $137.86. Based on point and figure vertical counting methodologies, potential resistance levels may be extrapolated at $208.94 and $213.12.
3M is classified within the Conglomerates sector, which is positioned in the Unfavoured Red Zone of the SIA Sector Report and ranks 24th out of 31 sectors. The stock’s latest point and figure signal is a Spread Triple Top.
Within the SIA S&P 500 Index Report, 3M is ranked 91st out of 505 securities and is positioned in the Favoured Green Zone. The stock has advanced 113 positions over the past month and 243 positions over the past quarter, reflecting improving relative strength.
3M has generated returns of +16.67% over the past month, +28.99% over the past quarter, and +18.61% over the past year. By comparison, the S&P 500 Index has returned +2.29%, +4.70%, and +20.21% over the same respective periods.
3M Company is a diversified technology company that manufactures and markets a variety of products and services. Its operating segments include Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment includes abrasives, automotive aftermarket products, closure and masking systems, electrical market products, personal safety products, roofing granules, and industrial adhesives and tapes. The segment also offers collision repair and paint spray products, along with reclosable fasteners, tapes, and label materials for durable goods.
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