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USA A1 Trading Advice (A) | 08-Jan-2025 | Expected Gain 4%-5%

SHORT TERM TRADING ADVICE IN USA

 BUY   3M (NYSE: MMM)

3M (NYSE: MMM) STOCK RECOMMENDATION

Idea BUY
Buy Range 129 – 132
Target 137 – 139
StopLoss* below 126
Duration 12-14 Trading Days
Potential Returns 4% – 5%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 129 – 132 137 – 139 below 126 12-14 Trading Days 4% – 5%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

3M (NYSE: MMM) STOCK OVERVIEW

3M Company delivers a range of technology services both in the U.S. and globally. It operates in four main areas: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial division provides industrial abrasives, autobody repair solutions, personal hygiene product closures, electrical materials, structural adhesives, protective equipment, and mineral granules for roofing. The Transportation and Electronics segment offers ceramic products, bonding solutions, graphic films, light management films, packaging solutions, semiconductor materials, data center solutions, and reflective signage for safety. The Healthcare division supplies coding software, wound care products, dental solutions, and filtration systems. The Consumer segment features bandages, braces, cleaning products, DIY car care items, and stationery. Products are available through e-commerce and various retail channels. Founded in 1902, 3M is based in Saint Paul, Minnesota.

Stock Data
TADAWUL Code7201
Sectoral IndexSoftwares & Services
52 Weeks High168
52 Weeks Low59.6

3M (NYSE: MMM) - RELATIVE STRENGTH

MMM - RELATIVE STRENGTH

Relative Performance - Last 1 Year

3M —     NASDAQ —

3M (NYSE: MMM) - DAILY TECHNICAL ANALYSIS

MMM - DAILY TECHNICAL ANALYSIS
3M (NYSE: MMM) - Technical Analysis (Daily)
  • The stock price has recently broken out of its downward parallel channel and is now stabilizing just above the breakout area.
  • It is anticipated that the price will start to rise from this point, reaching new heights in the days ahead.

3M (NYSE: MMM) - RSI

3M (NYSE: MMM) - RSI
  • Current RSI of this stock is 59.64, which indicates the strength of buyers.

3M (NYSE: MMM) - MACD

MMM - MACD
3M (NYSE: MMM) - MACD
  • MACD line has just crossed the signal line from the below, generates bullish signal.

CONCLUSION - 3M (NYSE: MMM) STOCK PRICE FORECAST

Based on our stock trading advice in USA, 3M stock price target will be USD 137 – USD 139 in the next 12-14 trading sessions.

3M (NYSE: MMM) TRADINGVIEW POSITION UPDATE

Buy 3M by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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