Taking everything into account, TRMD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRMD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TRMD did better than 80% of all other stocks. We also observe that the gains produced by TRMD over the past year are nicely spread over this period.
- TRMD is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 71% of 206 stocks in the same industry.
- A new 52 week high is currently being made by TRMD, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month TRMD has a been trading in the 21.87 - 25.95 range, which is quite wide. It is currently trading near the high of this range.
Although TRMD has an excellent technical rating, it does not offer a high 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
19.28
5 important support areas can be observed.
- A support zone ranging from 24.63 to 24.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.92 to 22.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.73 from a trend line in the weekly time frame.
- Support @20.18 from a trend line in the daily time frame.
- Support @19.47 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 | UP | POSITIVE | The short term trend for TRMD is up. |
| ChartMill Relative Strength | 80.29 | POSITIVE | TRMD has a high relative strength, it outperformed 80.29% 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) | UP | POSITIVE | The current price of TRMD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.25 | OVERBOUGHT | The high RSI value suggests TRMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests TRMD has a positive trend. |
| Stochastics (14,3) | 92.69 | OVERBOUGHT | The high Stochastics value suggests TRMD may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 35.89 | POSITIVE | The high ADX value value for TRMD suggests a strong trend. |
25.53
+0.28 (+1.11%)
TORM PLC-A / TRMD FAQ
What is the technical rating for TRMD stock?
ChartMill assigns a technical rating of 10 / 10 to TRMD.
What is the current trend direction of TORM PLC-A (TRMD) stock?
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 72.252. This indicates that the stock is currently overbought.
What is the MACD signal for TRMD stock?
The MACD indicator for TORM PLC-A (TRMD) has a value of 0.0871932, indicating a bearish trend.
What is the buy/sell signal for TRMD stock?
The buy/sell signal for TORM PLC-A (TRMD) is buy as both the short term and long term trends are positive.