Tor Minerals International Inc (TORM) Stock Technical Analysis
NASDAQ:TORM - Nasdaq -
We assign a technical rating of 0 out of 10 to TORM. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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.
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
4.16
8.05
4 important resistance areas can be observed.
- 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.
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. |
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)
Tor Minerals International Inc
NASDAQ:TORM (2/7/2018, 8:20:51 PM)
4.2
+0.25 (+6.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.33%
1 Week-21.5%
2 Weeks-23.64%
1 Month-26.32%
3 Month-25.99%
6 Month-43.24%
12 Month-31.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%5.29%
ATR Inc6%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.89
Mansfield-4.31
10 Day High5.6
10 Day Low3.95
20 Day High5.95
20 Day Low3.95
52 Week High8.4
52 Week Low3.95
CS1 EndN/A
CR1 Start5.25
Volume & EV
DER(3)2.8%
DER(5)-7.85%
Volume800
Volume Incr565.68%
Vol(5)13.48K
Vol(50)3.37K