## 3M Co.( \$MMM) falling from its glorious days!!!

On September 04, 2022 (see Global Financial Engineering Weekly Commentary for 3M Co.( \$MMM) by Dr. Glen Brown – Global Financial Engineering, Inc ), We wrote:

Dark days might be ahead for 3M Co.( \$MMM)! The company filed for bankruptcy for Aearo Technologies, a subsidiary that once made the earplugs, as a way to fence off the litigation from the rest of 3M.
We will attempt a Bearish 3M Co.( \$MMM) trade based on the current bearish market structure as shown on the Global Algorithmic Trading Software (GATS) #5 with potential trade entry signal as follows:

Global Potential Trade Entry Signal #1:\$121.33
Global Maximum Catastrophe Hard Stop Loss GAP:7×3.4024)=\$10.21
Global Maximum Catastrophe Trailing Stop: 7×3.4024= \$10.21
Global Maximum Profit Target: 3 x \$10.21 = \$30.63

Global Take Profit Target = \$121.33 – \$30.63 = \$90.70

Current Price as of September 03, 2022: \$121.34

We could see the MMM trading at \$90.70 within a few weeks!

Today October 09,2022 3M Co.( \$MMM) is trading at \$107.50 just about \$17.00 away from our first target.
The big question is what is the Projection low from this Current Market Price(CMP) of \$107.50

We can use the Global Algorithmic Fair Value Model (GAFVM) to extract the data for our Global Forecast Price Projection Model(GFPPM).

The Global Algorithmic Fair Value Model (GAFVM) gives us three(3) values namely: Upper Fair Value(UFV), Mid Fair Value(MFV), and Lower Fair Value(LFV).

These values are then incorporated into our Global Forecast Price Projection Model(GFPPM).

Our Forecast Price Projection is derived from the following formulae.

Projection Low = Current Market Price(CMP) – ((Upper Fair Value(UFV) – Current Market Price(CMP))

Projection High = Current Market Price(CMP) + ((Current Market Price(CMP) – Lower Fair Value(LFV))

Our Global Valuation Gap(GVG) is the difference between the Current Market Price(CMP) and Upper or Lower Fair Value.

At this date our Global Algorithmic Fair Value Model (GAFVM) indicates the following 3M Co.( \$MMM):

Upper Fair Value(UFV) = 144.72, Mid Fair Value(MFV) = 143.16 and Lower Fair Value(LFV) = 141.64

Based on the above, we can calculate the potential low for 3M Co.( \$MMM) using the Current Market Price(CMP)= \$107.50.

3M Co.( \$MMM) Price Projection Low = Current Market Price(CMP) – ((Upper Fair Value(UFV) – Current Market Price(CMP))

3M Co.( \$MMM) Price Projection Low = 107.50 – ((144.72 – 107.50))= 107.50 – 37.22 = 70.28

From the above, we at Global conclude that there is a high probability that we could see 3M Co.( \$MMM) trading at \$70.28 in the near future.

RISK WARNING!

There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don’t trade with money you cannot afford to lose.

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends, or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Accountancy Institute, Inc. or Global Financial Engineering, Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives, or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

## Global Financial Engineering Weekly Commentary for 3M Co.( \$MMM) by Dr. Glen Brown

3M Co. is a technology company, which manufactures industrial, safety, and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, Consumer, and Corporate and Unallocated. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment includes electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Consumer segment covers consumer healthcare, home care, home improvement, and stationery and office products, such as consumer bandages, braces, supports, respirators, cleaning products, retail abrasives, picture hanging, and consumer air quality solutions. The Corporate and Unallocated segment refers to special items and other corporate expense-net. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle, and J. Danley Budd in 1902 and is headquartered in St. Paul, MN. (SOURCE:https://www.wsj.com/market-data/quotes/MMM/company-people)

At Global Financial Engineering,Inc. we believe that each trade should have a name. Hence within our trading models, we have four(4) types of trades that we execute daily.

These are:

The Global MMM Micro-Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #0,#1 & #2 which trade in the direction of our Four Hour Time Bars(FHTB) with a Trailing Stop Loss given by two(2) to four(4) times the Daily Average True Range(DATR) using period 25 using period 25.

The Global MMM Short-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #3 which trade in the direction of our Daily Time Bars(DTB) with a Trailing Stop Loss given by five(5) times the Daily Average True Range(DATR) using period 25.

The Global MMM Medium-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #4 which trade in the direction of our Weekly Time Bars(WTB) with a Trailing Stop Loss given by six(6) times the Daily Average True Range(DATR) using period 25.

The Global MMM Long-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #5 & #6 which trade in the direction of our Monthly Time Bars(MTB) with a Trailing Stop Loss equal to seven(7) to eight(8) times the Daily Average True Range(DATR) using period 25.

Our Global Algorithmic Trading Software (GATS) #3 on September 03, 2022, indicates the following for 3M Co.( \$MMM):

The MMM Long Term Trend (LTT) is currently Bearish
The MMM Medium Term Trend (MTT) is currently Bearish
The MMM Short Term Trend (STT) is currently Bearish
The MMM Micro Trend (MT) is currently Bearish

3M Co.( \$MMM) P/E Ratio (TTM): P/E Ratio (TTM) = 17.01(09/02/22)
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock’s most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period.

3M Co.( \$MMM) Earnings Per Share (TTM):EPS (TTM) = \$7.15
A company’s net income for the trailing twelve month period expressed as a dollar amount per fully diluted shares outstanding.

3M Co.( \$MMM) Market Capitalization: Market Cap= \$69.29B
Reflects the total market value of a company. Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. For companies with multiple common share classes, market capitalization includes both classes.

3M Co.( \$MMM) Shares Outstanding:Shares Outstanding = 569.60 M
Number of shares that are currently held by investors, including restricted shares owned by the company’s officers and insiders as well as those held by the public.

3M Co.( \$MMM) Public Float:Public Float = 568.98 M
The number of shares in the hands of public investors and available to trade. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.

3M Co.( \$MMM)Dividend Yield: Yield = 4.90%(09/02/22)
A company’s dividend expressed as a percentage of its current stock price.

Dark days might be ahead for 3M Co.( \$MMM)!. The company filed for bankruptcy for Aearo Technologies, a subsidiary that once made the earplugs, as a way to fence off the litigation from the rest of 3M.
We will attempt a Bearish 3M Co.( \$MMM) trade based on the current bearish market structure as shown on the Global Algorithmic Trading Software (GATS) #5 with potential trade entry signal as follows:

Global Potential Trade Entry Signal #1 :\$121.33
Global Maximum Catastrophe Hard Stop Loss GAP:7×3.4024)=\$10.21
Global Maximum Catastrophe Trailing Stop: 7×3.4024= \$10.21
Global Maximum Profit Target: 3 x \$10.21 = \$30.63

Global Take Profit Target = \$121.33 – \$30.63 = \$90.70

Current Price as at September 03,2022: \$121.34

We could see the MMM trading at \$90.70 within a few weeks!

RISK WARNING!

There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don’t trade with money you cannot afford to lose.

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Accountancy Institute,Inc. or Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

## Global Financial Engineering Weekly Commentary for EURUSD by Dr. Glen Brown

At Global Financial Engineering,Inc., we believe that each trade should have a name. Hence within our trading models, we have four(4) types of trades that we execute daily.

These are:

The Global EURUSD Micro-Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #0,#1 & #2 which trade in the direction of our Four Hour Time Bars(FHTB) with a Trailing Stop Loss given by two(2) to four(4) times the Daily Average True Range(DATR) using period 25 using period 25.

The Global EURUSD Short-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #3  which trade in the direction of our Daily Time Bars(DTB) with a Trailing Stop Loss given by five(5) times the Daily Average True Range(DATR) using period 25.

The Global EURUSD Medium-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #4 which trade in the direction of our Weekly Time Bars(WTB) with a Trailing Stop Loss given by six(6) times the Daily Average True Range(DATR) using period 25.

The Global EURUSD Long-Term Trend Trades are executed by our Proprietary Global Algorithmic Trading Software(GATS) using Sub-System #5 & #6 which trade in the direction of our Monthly Time Bars(MTB) with a Trailing Stop Loss equal to seven(7) to eight(8) times the Daily Average True Range(DATR) using period 25.

Our Global Algorithmic Trading Software (GATS) #3 on September 03, 2022, indicates the following for EURUSD:

The EURUSD Long Term Trend (LTT) is currently Bearish
The EURUSD Medium Term Trend (MTT) is currently Bearish
The EURUSD Short Term Trend (STT) is currently Bearish
The EURUSD Micro Trend (MT) is currently Bearish

We will attempt a Bearish EURUSD trade based on the current bearish market structure as shown on the Global Algorithmic Trading Software (GATS) #5 with potential trade entry signal as follows:

Global Potential Trade Entry Signal #1 : 0.9954
Global Maximum Catastrophe Hard Stop Loss GAP:7×99=693 Pips =6930 Points
Global Maximum Catastrophe Trailing Stop: 7×99=693 Pips =6930 Points
Global Maximum Profit Target: 3 x 693 Pips = 2079 Pips = 20790 Points

Global Take Profit Target = 0.9954 – (7 x0.0099) = 0.9261

Current Price as at September 03, 2022: 0.9954

We could see the EUR/USD trading at 0.9261 within a few weeks!