THERMO FISHER SCIENTIFIC INC (TMO) Technical Analysis
NYSE:TMO • US8835561023
Current stock price
TMO Technical Rating and Analysis
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.
- 75% of all other stocks performed better in the past year than TMO.
- In the last month TMO has a been trading in the 455.60 - 538.40 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- TMO has an average volume of 2018720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- TMO is part of the Life Sciences Tools & Services industry. There are 57 other stocks in this industry, TMO did better than 64% 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.
TMO Weekly and Daily overview Charts
TMO Setup Rating and Analysis
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
TMO Support and Resistance Analysis
454.63
When analyzing the support we notice one important area.
- A support zone ranging from 459.22 to 464.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 494.81 to 501.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @512.76 from a trend line in the daily time frame.
- A resistance zone ranging from 526.61 to 531.68. 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.
TMO Technical Indicator Signal Analysis
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 | 25.63 | NEGATIVE | TMO has a low relative strength, it was outperformed by 74.37% 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 | MIXED | The current price of TMO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.53 | NEUTRAL | The RSI value for TMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.44 | NEGATIVE | The MACD value suggests TMO has a negative trend. |
| Stochastics (14,3) | 15.18 | OVERSOLD | The low Stochastics value suggests TMO may be oversold. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.55 | POSITIVE | The high ADX value value for TMO suggests a strong trend. |
TMO Chart- and CandleStick Pattern Analysis
TMO Technicals: Chart, Performance Metrics, Trend & Indicators
466.26
-3.96 (-0.84%)
THERMO FISHER SCIENTIFIC INC / TMO TA 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 THERMO FISHER SCIENTIFIC INC (TMO) stock?
THERMO FISHER SCIENTIFIC INC (TMO) has an RSI value of 36.5302. 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 -5.44168, indicating a bearish trend.
Can you provide the support and resistance levels for THERMO FISHER SCIENTIFIC INC?
THERMO FISHER SCIENTIFIC INC (TMO) has a support level at 464.36 and a resistance level at 494.81. Check the full technical report for our detailed analysis of TMO support and resistance levels.