August 28, 2025 a 10:16 am
MMM: Fibonacci Analysis - 3M Company
3M Company’s stock has shown remarkable resilience in its recent trends. With a solid presence in diverse industry segments, the company's strong market position is reflected in its stock performance. Recent trends indicate a significant recovery phase, with opportunities for potential support at key Fibonacci levels. Investors should monitor these retracement zones closely as they can provide insights into future price actions.
Fibonacci Analysis
| Detail | Value |
|---|---|
| Start Date | 2025-03-21 |
| End Date | 2025-08-27 |
| High Price | $160.2 (2025-08-13) |
| Low Price | $126.09 (2025-04-21) |
Fibonacci Levels
| Level | Price |
|---|---|
| 0.236 | $135.72 |
| 0.382 | $141.93 |
| 0.5 | $146.15 |
| 0.618 | $150.37 |
| 0.786 | $156.92 |
As of now, the current price is trading at $156.53, which is close to the 0.786 Fibonacci level. This suggests that the stock is in a strong recovery phase and the 0.786 level might act as a critical resistance. Investors watching these levels could find potential turning points for strategic decisions.
Conclusion
The retracement analysis of 3M's stock indicates a robust upward trend with key resistance around the 0.786 Fibonacci level. Investors may find potential opportunities if the stock consolidates at or around this level, suggesting possible bullish momentum continuation. However, a failure to break past this resistance might prompt a pullback to lower Fibonacci levels, highlighting downside risk. Technical analysts will benefit by closely monitoring these critical levels as a confirmation signal for either trend reversal or continuation.