THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
USA - NYSE:TMO - US8835561023 - Common Stock
479.46 USD
-11.95 (-2.43%)
479.46 USD
0 (0%)
We assign a technical rating of 5 out of 10 to TMO. TMO was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
When comparing the yearly performance of all stocks, TMO is a bad performer in the overall market: 74% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month TMO has a been trading in the 471.61 - 502.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TMO has an average volume of 2377260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TMO is part of the Life Sciences Tools & Services industry. There are 55 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.
Although the technical rating is only medium, TMO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 479.45, a Stop Loss order could be placed below this zone.
More info and screens
389.72
621.85
When analyzing the support we can see 3 important areas.
- A support zone ranging from 476.53 to 479.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @430.30 from a trend line in the daily time frame.
- Support @393.66 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 486.44 to 489.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 500.00 to 500.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @575.67 from a trend line in the weekly time frame.
- 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 | 26.89 | NEGATIVE | TMO has a low relative strength, it was outperformed by 73.11% 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) | UP | POSITIVE | The current price of TMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.57 | NEUTRAL | The RSI value for TMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.73 | NEGATIVE | The MACD value suggests TMO has a negative trend. |
| Stochastics (14,3) | 35.39 | NEUTRAL | The Stochastics value for TMO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.6 | NEGATIVE | The low ADX value for TMO suggests a weak or negative 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)
479.46
-11.95 (-2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-2.43%
1 Week-2.67%
2 Weeks-2.1%
1 Month-1.15%
3 Month19.04%
6 Month-8.16%
12 Month-21.55%
2 Year-5.28%
3 Year-5.47%
5 Year8.59%
10 Year292.1%
15 Year901.38%
Volatility
ATR(14)10.76
ATR(20)%2.24%
ATR Inc24.69%
Range Today11.8
ADR(20)10.07
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.89
Mansfield-1.33
10 Day High502
10 Day Low471.61
20 Day High502.39
20 Day Low471.61
52 Week High623.77
52 Week Low385.46
CS1 End479.45
CR1 Start486.44
Volume & EV
DER(3)-1.63%
DER(5)-0.63%
Volume1.54M
Volume Incr-3.06%
Vol(5)1.65M
Vol(50)2.38M