NYSE trade advice (A): US softwares & services stock | 4-5% gain | USA stock trading idea on 8 Jan 2025

Date
January 8, 2025
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Trading Tips for US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • 3M
  • 129 – 132
  • 137 – 139
  • Below 126
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    3M
  • Buy
    Range
    129 – 132
  • Target
    137 – 139
  • Stoploss
    Below 126
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    3M (NYSE: MMM) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • MMM
  • 3M
  • Software & Services
  • 168
  • 59.63
  • NYSE code MMM
  • Stock Name 3M
  • Sector Software & Services
  • 52 Weeks High 168
  • 52 Weeks Low 59.63
  • 3M (NYSE: MMM) vs NYSE - Relative Strength Comparison

    The image highlights 3M Company's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    MMM —   NYSE —

  • 3M (NYSE: MMM) - Technical Analysis (Daily)

    3M - Technical Analysis chart on Daily Price and Volume
    3M - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    3M stock analysis based on RSI Indicator
    3M - RSI Indicator

    • Current RSI of this stock is 59.64, which indicates the strength of buyers.

  • 3M (NYSE: MMM) - MACD Indicator

    3M stock analysis based on MACD Indicator
    3M - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - 3M (NYSE: MMM) Stock Price Forecast

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

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    Target hit. Trade closed.

    8 Jan 2025
    14 Jan 2025
    14 Jan 2025
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    126
    Buy Advice
    8 Jan 2025
    129 – 132
    Target 1
    14 Jan 2025
    137
    Target 2
    14 Jan 2025
    139
    Profit per
    100,000 SAR
    2 days
    6,299
    126
    129 – 132
    137
    139
    6,299
    8 Jan 2025
    14 Jan 2025
    14 Jan 2025
    2 days
    Loss per
    100,000 SAR
    Stop-loss
    126
    Buy Advice
    8 Jan 2025
    129 – 132
    Target 1
    14 Jan 2025
    137
    Target 2
    14 Jan 2025
    139
    Profit per
    100,000 SAR
    2 days
    6,299
    126
    129 – 132
    137
    139
    6,299
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • 3M
  • 129 – 132
  • 137 – 139
  • Below 126
  • 4% – 5%
  • 12 - 14 Days
  • Buy 3M
  • Buy
    Range
    129 – 132
  • Target 137 – 139
  • Stoploss Below 126
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • 3M
  • 129 – 132
  • 137 – 139
  • Below 126
  • 4% – 5%
  • 12 - 14 Days
  • Buy
    3M
  • Buy
    Range
    129 – 132
  • Target
    137 – 139
  • Stoploss
    Below 126
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    12 - 14 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    3M (NYSE: MMM) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • MMM
  • 3M
  • Software & Services
  • 168
  • 59.63
  • NYSE code MMM
  • Stock Name 3M
  • Sector Software & Services
  • 52 Weeks High 168
  • 52 Weeks Low 59.63
  • Company profile

    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.

  • 3M (NYSE: MMM) vs NYSE - Relative Strength Comparison

    The image highlights 3M Company's performance over the last year versus NYSE.
    Relative Performance - Last 1 Year
    MMM —   NYSE —

  • 3M (NYSE: MMM) - Technical Analysis (Daily)

    3M - Technical Analysis chart on Daily Price and Volume
    3M - Technical Analysis chart on Daily Price and Volume

    • 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 Indicator

    3M stock analysis based on RSI Indicator
    3M - RSI Indicator

    • Current RSI of this stock is 59.64, which indicates the strength of buyers.

  • 3M (NYSE: MMM) - MACD Indicator

    3M stock analysis based on MACD Indicator
    3M - MACD Indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - 3M (NYSE: MMM) Stock Price Forecast

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

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

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