THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
NYSE:TMO - New York Stock Exchange, Inc. - US8835561023 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to TMO. TMO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
90% of all other stocks performed better in the past year than TMO.
TMO is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry, of which 66% are performing better than TMO.
TMO is currently making a new 52 week low. This is a very bad signal. 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 385.46 - 424.51 range, which is quite wide. It is currently trading near the lows of this range.
TMO has an average volume of 2802990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TMO has a poor technical rating and the quality of the setup is also not perfect 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
630.45
We found 1 important support area.
- A support zone ranging from 390.25 to 392.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 402.46 to 407.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 415.32 to 415.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 583.95 to 589.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @603.79 from a horizontal line in the daily time frame.
- A resistance zone ranging from 615.69 to 624.21. 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 | 10.58 | NEGATIVE | TMO has a low relative strength, it was outperformed by 89.42% 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) | 39.6 | NEUTRAL | The RSI value for TMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests TMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.29 | NEUTRAL | The Stochastics value for TMO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.13 | NEUTRAL | The ADX value for TMO suggests a possible start of a new 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)
392.56
+2.3 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg0.59%
1 Week-5.44%
2 Weeks-2.75%
1 Month-5.12%
3 Month-24.18%
6 Month-25.09%
12 Month-30.47%
2 Year-24.76%
3 Year-27.74%
5 Year8.34%
10 Year202.53%
15 Year700.33%
Volatility
ATR(14)10.44
ATR(20)%2.62%
ATR Inc35.15%
Range Today10.32
ADR(20)9.18
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.58
Mansfield-2.86
10 Day High424.51
10 Day Low385.46
20 Day High424.51
20 Day Low385.46
52 Week High627.88
52 Week Low385.46
CS1 End392.55
CR1 Start402.46
Volume & EV
DER(3)1.91%
DER(5)0.74%
Volume2.88M
Volume Incr-5.9%
Vol(5)2.47M
Vol(50)2.80M