Tor Minerals International Inc (TORM) Technical Analysis
NASDAQ:TORM
Current stock price
TORM Technical Rating and Analysis
Overall TORM gets a technical rating of 0 out of 10. TORM 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.
- 91% of all other stocks performed better in the past year than TORM.
- TORM is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month TORM has a been trading in the 3.95 - 5.95 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: TORM has an average volume of 3374 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
TORM Weekly and Daily overview Charts
TORM Setup Rating and Analysis
The technical rating of TORM is bad and it also does not present a quality setup 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
TORM Support and Resistance Analysis
4.16
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.25 to 5.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.78 from a trend line in the daily time frame.
- Resistance @7.10 from a trend line in the daily time frame.
- Resistance @7.97 from a trend line in the weekly time frame.
TORM 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 TORM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TORM is down. |
| ChartMill Relative Strength | 9.89 | NEGATIVE | TORM has a low relative strength, it was outperformed by 90.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TORM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TORM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TORM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.33 | OVERSOLD | The low RSI value suggests TORM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests TORM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.09 | OVERSOLD | The low Stochastics value suggests TORM may be oversold. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for TORM suggests high volalility. |
TORM Chart- and CandleStick Pattern Analysis
TORM Technicals: Chart, Performance Metrics, Trend & Indicators
Tor Minerals International Inc
NASDAQ:TORM (2/7/2018, 8:20:51 PM)
4.2
+0.25 (+6.33%)
Tor Minerals International Inc / TORM TA FAQ
Can you provide the ChartMill technical rating for Tor Minerals International Inc?
ChartMill assigns a technical rating of 0 / 10 to TORM.
What is the trend direction for TORM stock?
The current trend direction for Tor Minerals International Inc (TORM) is Bearish.
What is the RSI signal for Tor Minerals International Inc (TORM) stock?
Tor Minerals International Inc (TORM) has an RSI value of 28.3276. This indicates that the stock is currently oversold.
What is the buy/sell signal for TORM stock?
The buy/sell signal for Tor Minerals International Inc (TORM) is sell as both the short term and long term trends are negative.
What is the support and resistance level for TORM stock?
Tor Minerals International Inc (TORM) has a resistance level at 5.25. Check the full technical report for our detailed analysis of TORM support and resistance levels.