THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
NYSE:TMO - New York Stock Exchange, Inc. - US8835561023 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TMO is a bad performer in the overall market: 86% of all stocks are doing better.
TMO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TMO is lagging the market.
In the last month TMO has a been trading in the 390.50 - 434.98 range, which is quite wide. It is currently trading near the lows of this range.
TMO has an average volume of 2610180 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 56 other stocks in this industry, TMO did better than 49% of them.
Although the technical rating is bad, TMO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 400.47, a Stop Loss order could be placed below this zone.
More info and screens
394.29
621.85
When analyzing the support we notice one important area.
- A support zone ranging from 398.27 to 400.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 411.41 to 415.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @432.60 from a horizontal line in the daily time frame.
- Resistance @592.69 from a trend line in the daily time frame.
- A resistance zone ranging from 614.54 to 615.69. 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 | DOWN | NEGATIVE | The long term trend for TMO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TMO is down. |
| ChartMill Relative Strength | 14.65 | NEGATIVE | TMO has a low relative strength, it was outperformed by 85.35% 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) | DOWN | NEGATIVE | The current price of TMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.34 | NEUTRAL | The RSI value for TMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.07 | POSITIVE | The MACD value suggests TMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.74 | NEUTRAL | The Stochastics value for TMO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.52 | POSITIVE | The high ADX value value for TMO suggests a strong 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)
400.48
+2.2 (+0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.55%
1 Week-1.1%
2 Weeks-2.51%
1 Month-6.14%
3 Month-24.8%
6 Month-21.97%
12 Month-31.43%
2 Year-21.24%
3 Year-29.44%
5 Year14.69%
10 Year208.94%
15 Year669.27%
Volatility
ATR(14)13.06
ATR(20)%3.14%
ATR Inc-7.32%
Range Today7.93
ADR(20)12.07
ADR(20)%3.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.65
Mansfield-2.77
10 Day High434.98
10 Day Low390.5
20 Day High434.98
20 Day Low390.5
52 Week High627.88
52 Week Low390.5
CS1 End400.47
CR1 Start411.41
Volume & EV
DER(3)0.38%
DER(5)1.45%
Volume2.89M
Volume Incr-20.04%
Vol(5)2.43M
Vol(50)2.61M