THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
USA - NYSE:TMO - US8835561023 - Common Stock
543.32 USD
+18.36 (+3.5%)
543.32 USD
0 (0%)
We assign a technical rating of 7 out of 10 to TMO. TMO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TMO is one of the better performing stocks in the Life Sciences Tools & Services industry, it outperforms 70% of 56 stocks in the same industry.
In the last month TMO has a been trading in the 456.67 - 545.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TMO has an average volume of 2279110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TMO turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TMO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
389.72
630.46
4 important support areas can be observed.
- A support zone ranging from 478.84 to 488.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 464.23 to 466.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @448.94 from a horizontal line in the daily time frame.
- Support @393.66 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @573.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 615.69 to 624.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for TMO is up. |
| ChartMill Relative Strength | 63.29 | NEUTRAL | TMO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TMO is above the rising 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) | 71.49 | OVERBOUGHT | The high RSI value suggests TMO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 6.96 | POSITIVE | The MACD value suggests TMO has a positive trend. |
| Stochastics (14,3) | 91.44 | OVERBOUGHT | The high Stochastics value suggests TMO may be overbought. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.22 | NEUTRAL | The ADX value for TMO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
543.32
+18.36 (+3.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg3.5%
1 Week17.03%
2 Weeks13.29%
1 Month10.3%
3 Month26.55%
6 Month24.07%
12 Month-9.24%
2 Year22.16%
3 Year5.71%
5 Year14.84%
10 Year315.45%
15 Year956.63%
Volatility
ATR(14)15.81
ATR(20)%2.68%
ATR Inc25.75%
Range Today20.08
ADR(20)14.05
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.29
Mansfield-0.13
10 Day High545.44
10 Day Low456.67
20 Day High545.44
20 Day Low456.67
52 Week High610.97
52 Week Low385.46
CS1 End488.23
CR1 Start573.6
Volume & EV
DER(3)-0.7%
DER(5)-0.16%
Volume3.05M
Volume Incr102.01%
Vol(5)3.96M
Vol(50)2.28M