3M Co.: Murrey analysis

5 mar 2026, 13:45:28

Current trend

Stock quotes of the technology corporation 3M Co. are actively losing value, adjusting to the medium-term upward trend: the price has reversed from the upper boundary of the main Murray trading range at 175.00 (Murray level [8/8]), moved into its negative section, and is now testing the 159.38 level (Murray level [3/8]). Consolidation below this level would act as a catalyst for strengthening the downward trend toward 153.25 (Murray level [1/8], the lower boundary of the ascending channel) and 150.00 (Murray level [0/8]). The key for the “bulls” is the 165.62 level (Murray’s level [5/8]): a breakdown of this level and the middle line of the Bollinger Bands would allow quotes to test targets at 175.00 (Murray’s level [8/8]), 181.25 (Murray’s level [+2/8]), and 187.50 (Murray’s level [+2/8], W1).

Technical indicators are not ruling out a resumption of growth: the Bollinger Bands are pointing upward, the Stochastic is declining but approaching the oversold zone, suggesting a potential early reversal, while the MACD histogram has moved into the negative zone.

Support and resistance

Resistance levels: 165.62, 175.00, 181.25, 187.50.

Support levels: 159.38, 153.25, 150.00.

Trading tips

Long positions should be opened above the level of 165.62 with the targets at 175.00, 181.25, 187.50 and a stop loss at 161.00. Implementation period: 5-7 days.

Short positions should be opened below the level of 159.38 with the targets of 153.25, 150.00, and a stop loss at 164.00.

Scenario

Timeframe	Weekly
Raccomandazioni	BUY STOP
Punto di ingresso	165.65
Take Profit	175.00, 181.25, 187.50
Stop Loss	161.00
Livelli chiave	150.00, 153.25, 159.38, 165.62, 175.00, 181.25, 187.50

Scenario alternativo

Raccomandazioni	SELL STOP
Punto di ingresso	159.35
Take Profit	153.25, 150.00
Stop Loss	164.00
Stop Loss	150.00, 153.25, 159.38, 165.62, 175.00, 181.25, 187.50