Taking everything into account, TRMD scores 3 out of 10 in our technical rating. In the last year, TRMD was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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
19.28
4 important support areas can be observed.
- Support @21.37 from a trend line in the weekly time frame.
- Support @20.80 from a trend line in the daily time frame.
- A support zone ranging from 19.85 to 20.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.47 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @23.02 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 23.40 to 23.50. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for TRMD is down. |
| ChartMill Relative Strength | 46.91 | NEUTRAL | TRMD is not amongst the best or worst performers 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) | 44.53 | NEUTRAL | The RSI value for TRMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests TRMD has a negative trend. |
| Stochastics (14,3) | 13.24 | OVERSOLD | The low Stochastics value suggests TRMD may be oversold. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for TRMD suggests a weak or negative trend. |
21.41
+0.28 (+1.33%)
TORM PLC-A / TRMD FAQ
What is the technical rating for TRMD stock?
ChartMill assigns a technical rating of 3 / 10 to TRMD.
Can you provide the trend direction for TORM PLC-A?
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 44.5282. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TORM PLC-A?
The MACD indicator for TORM PLC-A (TRMD) has a value of -0.236599, 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 21.37 and a resistance level at 23.02. Check the full technical report for our detailed analysis of TRMD support and resistance levels.