TORM PLC-A (TRMD) Technical Analysis
NASDAQ:TRMD • GB00BZ3CNK81
We assign a technical rating of 10 out of 10 to TRMD. 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TRMD is one of the better performing stocks in the market, outperforming 89% of all stocks.
- TRMD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRMD is lagging the market slightly.
- TRMD is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 69% of 207 stocks in the same industry.
- In the last month TRMD has a been trading in the 24.81 - 31.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
We found 4 important support areas.
- Support @21.33 from a trend line in the weekly time frame.
- Support @20.63 from a trend line in the daily time frame.
- Support @19.90 from a trend line in the daily time frame.
- Support @19.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @30.13 from a horizontal line in the weekly 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 | 89.72 | POSITIVE | TRMD has a high relative strength, it outperformed 89.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRMD is below 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) | 49.98 | NEUTRAL | The RSI value for TRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests TRMD has a negative trend. |
| Stochastics (14,3) | 25.54 | NEUTRAL | The Stochastics value for TRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 42.58 | POSITIVE | The high ADX value value for TRMD suggests a strong trend. |
TRMD Technicals: Chart, Performance Metrics, Trend & Indicators
27.23
-1.12 (-3.95%)
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 49.9803. This indicates that the stock is currently neutral.
What is the MACD signal for TRMD stock?
The MACD indicator for TORM PLC-A (TRMD) has a value of -0.315935, 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.