3m Company bobbled around today only ended up 0.06% since yesterday. It looks like MMM may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. In addition to being near an angled support line MMM is near a weak support line. We'll see if it bounces off or heads lower. 3m Company has been drifting up over the last few months, I wouldn't be too surprised if it gets a little bounce here.
If we get a reversal off of support and 3m Company starts moving up, it can probably get to $155.5 at which point it'll need to break through that resistance level in order to keep moving higher. If it punches through this support level, it can easily push down to $133.91 where it may meet further support, hopefully it can consolidate around that point.
The analysts are pretty neutral on 3M Company right now, so not much useful information here. The current Analysts Sentiment Score is -0.15. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-04-08 Citigroup increased their price target by 2.82% to $98.00. Bank of America announced a lowering of their price target to $100.00 from $110.00 on 2024-04-02. On 2024-04-02 Barclays lowered their price target by -15.08% to $107.00. Royal Bank of Canada announced a lowering of their price target to $78.00 from $84.00 on 2024-04-02. Mizuho reiterated a rating of Neutral on 2024-03-27 and added a price target of $105.00. Wells Fargo & Company dropped their price target by -6.25% to $105.00 on 2024-01-24. JPMorgan Chase & Co. provided a price target boost of 0.96% to $105.00 from $104.00 on 2023-10-25. HSBC announced that they are initiating coverage with a rating of Hold on 2023-09-15 and added a price target of $109.00. On 2023-08-31 Morgan Stanley upgraded 3M Company from Underweight to Equal Weight and moved up their price target to $113.00 which is a 10.78% increase. On 2023-08-29 there was an upgrade provided by Wolfe Research from Underperform to Peer Perform.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| MMM | -0.15 | 0.45 | 0 | 0.45 | -1.2 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| MMM | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| MMM | 2.46 | %2.1 | 3 | -6.006 | 11330000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial Products | 75 | 1.47 | -0.74 | -1.69 | -4.41 | -4.73 | 3.16 | 44.24 | -10.72 | -3.40 | 0.26 | -12569.42 | -6156.26 | 9.33 | 1.33 | 3.49 | 0.60 |
| Industrials | 277 | 1.72 | -0.10 | -0.35 | -6.08 | -6.12 | 0.27 | 47.58 | -9.88 | -8.47 | -7.50 | -14645.29 | -9313.17 | 13.27 | 1.62 | 3.62 | 0.58 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| MMM |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BERY | Berry Global Group, Inc. | 1.01 | 0.01 | 0.80 | -1.43 | 8.29 | 5.22 | 18.25 | 48 | 12.82 | 21.91 | 29.85 | -3069.45 | -10522.25 | 0 | 0 | 2.63626 |
| JCI | Johnson Controls Internat | 0.95 | 1.79 | 0.84 | 2.21 | 4.53 | 7.88 | 26.50 | 43 | 8.90 | 16.10 | 35.24 | -3096.91 | -15675.72 | 0 | 0 | 1.65854 |
| AOS | A.O. Smith Corporation | 0.91 | 0.79 | -1.17 | -3.09 | -4.03 | -25.66 | -25.33 | 44 | -76.03 | -35.81 | -55.44 | -22761.08 | -124.13 | 0 | 0 | 2.63983 |
| PFG | Principal Financial Group | 0.91 | 1.22 | 1.30 | -0.52 | 10.76 | 1.23 | 1.00 | 53 | 1.71 | 1.89 | 5.49 | -712.99 | -13881.86 | 0 | 0 | 2.79668 |
| HON | Honeywell International, | 0.86 | 1.19 | 0.85 | 2.24 | -2.59 | 4.81 | 7.87 | 63 | -1.56 | -1.37 | -0.61 | 170.61 | -12512.12 | 0 | 0 | 1.59029 |
| CNA | CNA Financial Corporation | 0.85 | -0.14 | -0.37 | 5.37 | 8.11 | 3.46 | 15.79 | 74 | 5.87 | 6.73 | 10.97 | 298.66 | -23077.73 | 0 | 0 | 0.763982 |
| DCI | Donaldson Company, Inc. | 0.83 | 1.26 | -0.65 | -1.66 | 1.08 | -6.66 | -7.49 | 49 | -23.09 | -8.57 | -11.18 | -12022.27 | 165.66 | 0 | 0 | 2.71812 |
| CMI | Cummins Inc. | 0.83 | 1.47 | -1.07 | -7.21 | -10.63 | -1.93 | 8.15 | 39 | 1.11 | 1.97 | 13.53 | -4523.35 | 185.18 | 0 | 0 | 1.86433 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
