TORM PLC-A (TRMD) Stock Technical Analysis
NASDAQ:TRMD - Nasdaq - GB00BZ3CNK81 - Common Stock - Currency: USD
Overall TRMD gets a technical rating of 6 out of 10. In the last year, TRMD was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, TRMD is a bad performer in the overall market: 86% of all stocks are doing better.
TRMD is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 80% of 208 stocks in the same industry do better.
TRMD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month TRMD has a been trading in the 17.32 - 19.99 range, which is quite wide. It is currently trading near the high of this range.
TRMD has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.05
20.16
4 important support areas can be observed.
- A support zone ranging from 18.40 to 18.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.80 to 18.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.08 from a horizontal line in the weekly time frame.
- Support @16.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.75 to 19.96. 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 | NEUTRAL | NEUTRAL | The long term trend for TRMD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRMD is up. |
| ChartMill Relative Strength | 14.34 | NEGATIVE | TRMD has a low relative strength, it was outperformed by 85.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TRMD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.95 | NEUTRAL | The RSI value for TRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TRMD has a positive trend. |
| Stochastics (14,3) | 84.98 | OVERBOUGHT | The high Stochastics value suggests TRMD may be overbought. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 16.99 | NEGATIVE | The low ADX value for TRMD suggests a weak or negative 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)
19.74
-0.07 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.35%
1 Week4.44%
2 Weeks5.51%
1 Month13.91%
3 Month19.71%
6 Month-1.74%
12 Month-46.55%
2 Year-19.95%
3 Year0.71%
5 Year182%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%2.81%
ATR Inc15.04%
Range Today0.3
ADR(20)0.43
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.34
Mansfield-1.72
10 Day High19.99
10 Day Low18
20 Day High19.99
20 Day Low17.32
52 Week High38.98
52 Week Low13.6
CS1 End18.72
CR1 Start19.75
Volume & EV
DER(3)-1.2%
DER(5)-3.69%
Volume1.38M
Volume Incr5.88%
Vol(5)700.54K
Vol(50)816.84K