TOM Technical Analysis - TOMRA SYSTEMS ASA

Technical Rating and Analysis

Taking everything into account, TOM scores 0 out of 10 in our technical rating. TOM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

78% of all other stocks performed better in the past year than TOM.

TOM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month TOM has a been trading in the 132.40 - 158.40 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.

TOM is part of the Machinery industry. There are 103 other stocks in this industry, TOM did better than 49% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TOMRA SYSTEMS ASA / TOM Weekly stock chart

TOMRA SYSTEMS ASA / TOM Daily stock chart

Setup Rating and Analysis

The technical rating of TOM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

132.65

171.30

We found 1 important support area.

A support zone ranging from 133.99 to 134.01. 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 150.62 to 152.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 155.90 to 156.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @166.90 from a horizontal line in the weekly time frame.
Resistance @169.60 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for TOM.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TOM.OL is down.
ChartMill Relative Strength	22.62	NEGATIVE	TOM.OL has a low relative strength, it was outperformed by 77.38% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TOM.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TOM.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TOM.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	25.92	OVERSOLD	The low RSI value suggests TOM.OL may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.48	NEGATIVE	The MACD value suggests TOM.OL has a negative trend.
Stochastics (14,3)	11.02	OVERSOLD	The low Stochastics value suggests TOM.OL may be oversold.
Average True Range in percent/ATR (20)	3.05	MEDIUM VOLATILITY	The ATR as a percentage value for TOM.OL suggests some volalility.
Average Directional Index/ADX (14)	24.2	NEUTRAL	The ADX value for TOM.OL suggests a possible start of a new trend.