MACD back above zero supports a trend test and turn.
M appears to be testing moving averages after a downtrend break, with MACD recrossing above zero in its monthly chart.
M’s technical picture is improving as MACD returns above the zero line and the monthly momentum is regaining strength. The repeating “zero line reversal” behavior across sectors supports the idea that this could turn back up after consolidation.
"New Stock Trends Are Starting to Emerge"