3M Company: the trend is strong bullish in the short and medium term

New bullish technical picture drawn on 3M Company daily chart. The trend is positive both in the short and medium term.

3M Company stock price closing price was slightly higher. The trading session on Thursday, July 20th ends at 212.45 (+0.17%). New bullish technical picture drawn on daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2), we suggest to watch today 3M Company stock price closing. The trend is positive both in the short and medium term, however for today trading session the forecast is for price movements between support and resistance levels. The major oscillators confirm the bullish trend.
3M COMPANY

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Simple Moving Average (SMA)
3M Company stock price are above 14 day moving average (SMA value is 210.51).
Volumes
3M Company daily chart shows an increase in volumes compared to the previous day.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 20/07/2017.

Performance: 7 trading days= +0.54% – 15 trading days= +2.21% – 30 trading days= +3.43%

Resistance levels: R1= 213.22 – R2= 213.99 – R3= 215.34
Pivot Point: 212.64
Support levels: S1= 211.87 – S2= 211.29 – S3= 209.94


Buying opportunity above 213.22, targets minor resistance at 215.91 and perhaps as far as strong resistance at 217.74, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 222.58.

Selling opportunity below 211.62, targets minor support at 208.88 and perhaps as far as strong support at 207.08, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 202.27.

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