MMM Pressured at $162.08 Under Bearish EMA Stack
Bearish3M Co (MMM) closed up 1.09% at $162.08 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($162.27) and 21-day ($164.20) EMAs, suggesting short-term weakness.
Momentum
RSI at 44.2 is in neutral territory but trending higher. MACD is bearish (-1.46 vs signal -0.67).