TORM PLC-A (TRMD) Stock Technical Analysis
USA - NASDAQ:TRMD - GB00BZ3CNK81 - Common Stock
Overall TRMD gets a technical rating of 5 out of 10. Although TRMD is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TRMD has an average technical rating and the quality of the presented setup is also not ideal 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
19.28
3 important support areas can be observed.
- A support zone ranging from 20.72 to 20.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.85 to 20.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @21.93 from a horizontal line in the daily time frame.
- Resistance @23.02 from a horizontal line in the weekly time frame.
- Resistance @23.40 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for TRMD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRMD is neutral. |
| ChartMill Relative Strength | 39.5 | NEUTRAL | TRMD is not amongst the best or worst performers 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 | MIXED | The current price of TRMD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.42 | NEUTRAL | The RSI value for TRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests TRMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.31 | NEUTRAL | The Stochastics value for TRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.8 | NEGATIVE | The low ADX value for TRMD suggests a weak or negative trend. |
21.14
-0.53 (-2.45%)
TORM PLC-A / TRMD FAQ
What is the technical rating for TRMD stock?
ChartMill assigns a technical rating of 5 / 10 to TRMD.
Can you provide the trend direction for TORM PLC-A?
The current trend direction for TORM PLC-A (TRMD) is Bullish.
Can you provide the RSI signal for TORM PLC-A?
TORM PLC-A (TRMD) has an RSI value of 49.4201. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TORM PLC-A?
The MACD indicator for TORM PLC-A (TRMD) has a value of 0.104376, indicating a bearish trend.
Can you provide the support and resistance levels for TORM PLC-A?
TORM PLC-A (TRMD) has a support level at 20.93 and a resistance level at 21.93. Check the full technical report for our detailed analysis of TRMD support and resistance levels.