THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
NYSE:TMO - New York Stock Exchange, Inc. - US8835561023 - Common Stock - Currency: USD
Taking everything into account, TMO scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. TMO was also a bad performer in the overall market in the last year.
87% of all other stocks performed better in the past year than TMO.
TMO is part of the Life Sciences Tools & Services industry. There are 56 other stocks in this industry, of which 65% are performing better than TMO.
TMO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TMO has a been trading in the 385.46 - 438.49 range, which is quite wide. It is currently trading near the high of this range.
TMO has an average volume of 2733170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TMO has a poor technical rating and the quality of the setup is also only medium 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
386.35
621.85
When analyzing the support we notice one important area.
- A support zone ranging from 390.25 to 393.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 434.87 to 434.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @581.88 from a trend line in the weekly time frame.
- Resistance @603.79 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for TMO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMO is up. |
| ChartMill Relative Strength | 13.82 | NEGATIVE | TMO has a low relative strength, it was outperformed by 86.18% 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) | DOWN | NEGATIVE | The current price of TMO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.74 | NEUTRAL | The RSI value for TMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.89 | POSITIVE | The MACD value suggests TMO has a positive trend. |
| Stochastics (14,3) | 82.68 | OVERBOUGHT | The high Stochastics value suggests TMO may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.64 | 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)
434.86
+4.13 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.96%
1 Week1.29%
2 Weeks5.52%
1 Month4.75%
3 Month-0.75%
6 Month-19.81%
12 Month-20.66%
2 Year-20.74%
3 Year-27.33%
5 Year5.05%
10 Year211.66%
15 Year869.37%
Volatility
ATR(14)12.41
ATR(20)%2.72%
ATR Inc34.46%
Range Today10.67
ADR(20)11.66
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.82
Mansfield-2.27
10 Day High438.49
10 Day Low401.45
20 Day High438.49
20 Day Low385.46
52 Week High627.88
52 Week Low385.46
CS1 End393.66
CR1 Start434.87
Volume & EV
DER(3)-1.35%
DER(5)-1.46%
Volume2.51M
Volume Incr-1.81%
Vol(5)2.66M
Vol(50)2.73M