Is 3M Company (MMM) Coming out Swinging in Q4?

Checking in on the short-term signals on 3M Company (MMM), we note that the current 7-day average directional indicator is Buy.

This signal may be used to determine the market trend. The 7-day directional strength is Weak . This trend strength indicator measures the signal based on historical performance where minimum would represent the weakest, and maximum would indicate the strongest.

The 7-day average directional direction is currently Weakest. This signal indicates whether the Buy or Sell signal is getting stronger or weakening, or whether the Hold is heading towards a Buy or Sell.

Investors may be watching the ebb and flow of the current market environment and be wondering what the next few months have in store. They may be deciding whether now is a good time to sell off some first half winners or hold on for further gains. This can be one of the toughest decisions that an investor has to make. Just because a stock has been steadily heading higher for an extended period of time doesn’t necessarily mean that it will continue to do so. Building the confidence to make the tough portfolio decisions may take some time and a few good trades under the belt. New investors may be prone to get discouraged after a few sour trades in a row. Anyone who wants to succeed in the stock market knows that there is no substitute for research and hard work. Being able to bounce back and learn from mistakes may help the investor stay in the game and get back on the road to healthy profits.

Shifting gears, we can see that the 10-day moving average Hilo channel is currently Hold. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of the signal is currently Bearish.

Looking at some other short-term indicators, 3M Company (MMM) has a 20-day moving average vs price of Buy. This is the signal from the 20-day MA which is used to monitor changes in stock price. The current signal strength is Minimum and the direction has been noted as Weakest. The 20-50 day MACD Oscillator signal is presently Buy. The strength is presently Minimum and the direction is Weakest.

Focusing in on the 20-Day Bollinger Bands signal for 3M Company (MMM), the current reading is Hold. This short-term indicator may be used to help spot oversold and overbought conditions.

Stock market investing can sometimes be a wild ride. High volatility stocks may seem to constantly going haywire. Finding a comfortable balance between stomach turning stocks and low volatility stable stocks may be the way to go. Building confidence in the stock portfolio may come with some trial and error for the individual investor. Many people will rely on others to actively manage their money, but there are always those who prefer to have a hand in every aspect of their hard earned cash. Staying on top of the markets may seem impossible sometimes. There is always something happening, and keeping the pulse on market movements may be quite a struggle. Applying the proper amount of time to dedicate for stock research might just be the difference between buying that next big winner or getting stuck with a big loser.