Overall TRMD gets a technical rating of 0 out of 10. TRMD 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 technical rating of TRMD 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
19.26
We found 1 important support area.
- A support zone ranging from 19.45 to 19.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 20.72 to 20.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.34 to 21.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for TRMD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRMD is down. |
| ChartMill Relative Strength | 29.39 | NEGATIVE | TRMD has a low relative strength, it was outperformed by 70.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRMD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRMD is below a declining 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) | 27.94 | OVERSOLD | The low RSI value suggests TRMD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests TRMD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.59 | OVERSOLD | The low Stochastics value suggests TRMD may be oversold. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 27.88 | POSITIVE | The high ADX value value for TRMD suggests a strong trend. |
19.46
-0.07 (-0.36%)
TORM PLC-A / TRMD FAQ
What is the technical rating for TRMD stock?
ChartMill assigns a technical rating of 0 / 10 to TRMD.
Can you provide the trend direction for TORM PLC-A?
The current trend direction for TORM PLC-A (TRMD) is Bearish.
Can you provide the RSI signal for TORM PLC-A?
TORM PLC-A (TRMD) has an RSI value of 27.9387. This indicates that the stock is currently oversold.
Can you provide the MACD signal for TORM PLC-A?
The MACD indicator for TORM PLC-A (TRMD) has a value of -0.154454, 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 19.45 and a resistance level at 20.72. Check the full technical report for our detailed analysis of TRMD support and resistance levels.