THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TMO • US8835561023
Overall TMO gets a technical rating of 0 out of 10. TMO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, TMO is a bad performer in the overall market: 72% of all stocks are doing better.
- In the last month TMO has a been trading in the 537.01 - 643.99 range, which is quite wide. It is currently trading near the lows of this range.
- TMO has an average volume of 2096210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- TMO is part of the Life Sciences Tools & Services industry. There are 58 other stocks in this industry, TMO did better than 59% of them.
- TMO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TMO is lagging the market.
The technical rating of TMO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
534.39
We found 1 important support area.
- A support zone ranging from 539.79 to 539.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 539.81 to 546.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @615.69 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for TMO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMO is down. |
| ChartMill Relative Strength | 28.67 | NEGATIVE | TMO has a low relative strength, it was outperformed by 71.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TMO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.6 | OVERSOLD | The low RSI value suggests TMO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -9.05 | NEGATIVE | The MACD value suggests TMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.71 | OVERSOLD | The low Stochastics value suggests TMO may be oversold. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 31.56 | POSITIVE | The high ADX value value for TMO suggests a strong trend. |
539.8
-6.96 (-1.27%)
THERMO FISHER SCIENTIFIC INC / TMO FAQ
What is the ChartMill technical rating of THERMO FISHER SCIENTIFIC INC (TMO) stock?
ChartMill assigns a technical rating of 0 / 10 to TMO.
What is the current trend direction of THERMO FISHER SCIENTIFIC INC (TMO) stock?
The current trend direction for THERMO FISHER SCIENTIFIC INC (TMO) is Bearish.
What is the RSI signal for TMO stock?
THERMO FISHER SCIENTIFIC INC (TMO) has an RSI value of 28.6027. This indicates that the stock is currently oversold.
What is the MACD signal for THERMO FISHER SCIENTIFIC INC (TMO) stock?
The MACD indicator for THERMO FISHER SCIENTIFIC INC (TMO) has a value of -9.05393, indicating a bearish trend.
What is the short term momentum for THERMO FISHER SCIENTIFIC INC (TMO) stock?
The short term momentum for THERMO FISHER SCIENTIFIC INC (TMO) is negative.