3M returns lower - Analysis - 31-03-2023

3M's stock (MMM) returned lower in the intraday levels amid the complete dominance of the main downward trend in the medium and short terms, while suffering negative pressure from the 50-day SMA, as the RSI reached overbought levels compared to the stock's movements, marking a loss of 0.40% in the last session, or 41 cents, settling at 102.78.

Therefore we expect more losses for the stock, targeting the support of 99.93 anew, provided the resistance of 107.09 holds on.

Expected trend for today: Bearish