TORM PLC-A (TRMD) Stock Technical Analysis
NASDAQ:TRMD - Nasdaq - GB00BZ3CNK81 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to TRMD. Recently some decent action could be observed, but in the medium term time frame this is still negative. TRMD was also a bad performer in the overall market in the last year.
87% of all other stocks performed better in the past year than TRMD.
TRMD is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 83% are performing better than TRMD.
TRMD is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRMD is lagging the market.
In the last month TRMD has a been trading in the 15.79 - 19.28 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
19.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.51 to 16.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.21 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.04 to 19.04. 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 | DOWN | NEGATIVE | The long term trend for TRMD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRMD is up. |
| ChartMill Relative Strength | 13.65 | NEGATIVE | TRMD has a low relative strength, it was outperformed by 86.35% 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 | NEGATIVE | The current price of TRMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.82 | NEUTRAL | The RSI value for TRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests TRMD has a positive trend. |
| Stochastics (14,3) | 88.44 | OVERBOUGHT | The high Stochastics value suggests TRMD may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 17.15 | 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)
19.03
+0.77 (+4.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.22%
1 Week11.68%
2 Weeks15.19%
1 Month5.14%
3 Month3.88%
6 Month5.25%
12 Month-47.3%
2 Year-21.23%
3 Year40.44%
5 Year184.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%3.16%
ATR Inc48.49%
Range Today0.5
ADR(20)0.49
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.65
Mansfield-2.61
10 Day High19.28
10 Day Low16.34
20 Day High19.28
20 Day Low15.79
52 Week High40.47
52 Week Low13.6
CS1 End16.73
CR1 Start19.04
Volume & EV
DER(3)-0.17%
DER(5)2.16%
Volume1.05M
Volume Incr28.81%
Vol(5)1.01M
Vol(50)796.89K