THERMO FISHER SCIENTIFIC INC (TMO) Stock Technical Analysis
USA - NYSE:TMO - US8835561023 - Common Stock
We assign a technical rating of 8 out of 10 to TMO. Although TMO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although TMO has an excellent technical rating, it does not present a decent entry opportunity 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.
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389.72
When analyzing the support we can see 5 important areas.
- Support @571.53 from a trend line in the weekly time frame.
- A support zone ranging from 524.57 to 524.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 479.92 to 483.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @448.94 from a horizontal line in the daily time frame.
- Support @393.66 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 615.69 to 624.22. 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 | UP | POSITIVE | The long term trend for TMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TMO is up. |
| ChartMill Relative Strength | 69.53 | NEUTRAL | TMO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.37 | OVERBOUGHT | The high RSI value suggests TMO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.36 | POSITIVE | The MACD value suggests TMO has a positive trend. |
| Stochastics (14,3) | 90.53 | OVERBOUGHT | The high Stochastics value suggests TMO may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for TMO suggests some volalility. |
| Average Directional Index/ADX (14) | 34.04 | POSITIVE | The high ADX value value for TMO suggests a strong trend. |
572.5
+0.59 (+0.1%)
THERMO FISHER SCIENTIFIC INC / TMO FAQ
What is the ChartMill technical rating of THERMO FISHER SCIENTIFIC INC (TMO) stock?
ChartMill assigns a technical rating of 8 / 10 to TMO.
Can you provide the trend direction for THERMO FISHER SCIENTIFIC INC?
The current trend direction for THERMO FISHER SCIENTIFIC INC (TMO) is Bullish.
What is the RSI signal for TMO stock?
THERMO FISHER SCIENTIFIC INC (TMO) has an RSI value of 76.3695. This indicates that the stock is currently overbought.
Can you provide the MACD signal for THERMO FISHER SCIENTIFIC INC?
The MACD indicator for THERMO FISHER SCIENTIFIC INC (TMO) has a value of 3.35848, indicating a bullish trend.
What is the support and resistance level for TMO stock?
THERMO FISHER SCIENTIFIC INC (TMO) has a support level at 571.53 and a resistance level at 615.69. Check the full technical report for our detailed analysis of TMO support and resistance levels.