TORM PLC-A (TRMD) Stock Technical Analysis
NASDAQ:TRMD - Nasdaq - GB00BZ3CNK81 - Common Stock - Currency: USD
Overall TRMD gets a technical rating of 2 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TRMD is a bad performer in the overall market: 91% of all stocks are doing better.
TRMD is part of the Oil, Gas & Consumable Fuels industry. There are 210 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TRMD has a been trading in the 16.36 - 19.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TRMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
15.82
19.58
We found 2 important support areas.
- A support zone ranging from 17.12 to 17.36. 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 15.98 to 16.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.55 to 17.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.35 to 18.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 18.92 to 19.39. 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 | NEUTRAL | NEUTRAL | The short term trend for TRMD is neutral. |
| ChartMill Relative Strength | 9.58 | NEGATIVE | TRMD has a low relative strength, it was outperformed by 90.42% 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) | 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) | 49.29 | NEUTRAL | The RSI value for TRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TRMD has a negative trend. |
| Stochastics (14,3) | 64.62 | NEUTRAL | The Stochastics value for TRMD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.08 | 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)
17.46
-0.26 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.47%
1 Week-2.29%
2 Weeks4.8%
1 Month-6.38%
3 Month11.92%
6 Month-14.37%
12 Month-53.76%
2 Year-30.17%
3 Year7.18%
5 Year135.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%3.36%
ATR Inc-9.82%
Range Today0.33
ADR(20)0.49
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.58
Mansfield-2.97
10 Day High18.31
10 Day Low16.36
20 Day High19.41
20 Day Low16.36
52 Week High40.47
52 Week Low13.6
CS1 End17.36
CR1 Start17.55
Volume & EV
DER(3)-2.28%
DER(5)-0.46%
Volume386.60K
Volume Incr-32.58%
Vol(5)656.78K
Vol(50)857.99K