3M (MMM) rose in its latest intraday trading, preparing to challenge the key resistance level at 172.85 dollars. The move is supported by the stocks continued trading above its 50-day simple moving average, within a dominant short-term uptrend and along a rising trendline that reinforces this trajectory. Positive signals have also begun to appear on the Relative Strength Indicators after reaching extreme oversold levels, accompanied by a noticeable increase in trading volumes that supports stronger bullish activity ahead.

Therefore, we expect the stock to rise in the upcoming sessions, especially if it succeeds in breaking above the mentioned resistance at 172.85 dollars, after which it would target its next resistance level at 181.30 dollars.

Todays price forecast: Bullish