THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TMO - US8835561023 - Common Stock
Taking everything into account, TMO scores 8 out of 10 in our technical rating. Although TMO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- TMO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TMO has a been trading in the 554.53 - 628.08 range, which is quite wide. It is currently trading near the high of this range.
- TMO has an average volume of 1753480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, TMO did better than 73% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- TMO is an average performer in the Life Sciences Tools & Services industry, it outperforms 69% of 57 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although TMO has an excellent technical rating, it does not present a decent entry opportunity 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
521.71
We found 5 important support areas.
- A support zone ranging from 602.36 to 609.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 578.59 to 592.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 556.22 to 567.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @546.99 from a trend line in the daily time frame.
- Support @526.98 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 621.84 to 621.84. 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 | UP | POSITIVE | The long term trend for TMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMO is up. |
| ChartMill Relative Strength | 73.73 | POSITIVE | TMO has a high relative strength, it outperformed 73.73% off all stocks 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) | 64.93 | NEUTRAL | The RSI value for TMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.49 | POSITIVE | The MACD value suggests TMO has a positive trend. |
| Stochastics (14,3) | 76.35 | NEUTRAL | The Stochastics value for TMO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 23.92 | NEUTRAL | The ADX value for TMO suggests a possible start of a new trend. |
621.83
+14.75 (+2.43%)
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 8 / 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 Bullish.
What is the RSI signal for TMO stock?
THERMO FISHER SCIENTIFIC INC (TMO) has an RSI value of 64.9259. This indicates that the stock is currently neutral.
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 2.48967, indicating a bullish 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 positive.