THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TMO - US8835561023 - Common Stock
We assign a technical rating of 6 out of 10 to TMO. In the last year, TMO was one of the better performers, but we do observe some doubts in the very recent evolution.
TMO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 588.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 576.33, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
444.45
When analyzing the support we can see 4 important areas.
- A support zone ranging from 556.22 to 576.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @530.82 from a trend line in the daily time frame.
- Support @515.21 from a trend line in the weekly time frame.
- Support @448.94 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 588.02 to 597.79. 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 | UP | POSITIVE | The long term trend for TMO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TMO is neutral. |
| ChartMill Relative Strength | 81.64 | POSITIVE | TMO has a high relative strength, it outperformed 81.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TMO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TMO is above the rising 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) | 55.8 | NEUTRAL | The RSI value for TMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests TMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.76 | NEUTRAL | The Stochastics value for TMO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for TMO suggests low volalility. |
| Average Directional Index/ADX (14) | 20.78 | NEUTRAL | The ADX value for TMO suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 597.80 | 554.52 | 43.28 (7.24%) | 13.81% |
| An entry @597.80. This is a Buy Stop order right above the resistance zone. | An exit @554.52. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 43.28 points, which is 7.24%. | For a 1.00% total portfolio risk, you can invest 13.81% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
579.94
+4.24 (+0.74%)
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 6 / 10 to TMO.
Can you provide the trend direction for THERMO FISHER SCIENTIFIC INC?
The current trend direction for THERMO FISHER SCIENTIFIC INC (TMO) is Bullish.
What is the RSI signal for TMO stock?
THERMO FISHER SCIENTIFIC INC (TMO) has an RSI value of 55.801. This indicates that the stock is currently neutral.
Can you provide the MACD signal for THERMO FISHER SCIENTIFIC INC?
The MACD indicator for THERMO FISHER SCIENTIFIC INC (TMO) has a value of -0.816892, indicating a bearish trend.
What is the support and resistance level for TMO stock?
THERMO FISHER SCIENTIFIC INC (TMO) has a support level at 576.33 and a resistance level at 588.02. Check the full technical report for our detailed analysis of TMO support and resistance levels.