3M (MMM) stock price jumped sharply higher in its latest intraday trading, driven by continued positive signals from the Stochastic indicators after reaching deeply oversold levels, as the stock attempts to recover part of its previous losses, before encountering resistance at its 50-day SMA, which exposed it to renewed negative pressure and forced the stock to reverse and close a volatile session, amid the dominance of a short-term corrective bearish trend while moving alongside a steep trend line supporting this path.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $156.85 resistance level, targeting the key support level at $141.40.

Todays price forecast: Bearish