THOR MEDICAL ASA (TRMED.OL) Stock Technical Analysis
OSL:TRMED - Euronext Oslo - NO0010597883 - Common Stock - Currency: NOK
Overall TRMED gets a technical rating of 5 out of 10. In the last year, TRMED was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month TRMED has a been trading in the 2.27 - 2.63 range, which is quite wide. It is currently trading near the lows of this range.
TRMED is part of the Biotechnology industry. There are 73 other stocks in this industry. TRMED outperforms 94% of them.
TRMED has an average volume of 1232690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, TRMED did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TRMED is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRMED is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, TRMED does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.36, a Stop Loss order could be placed below this zone.
More info and screens
2.26
2.67
We found 2 important support areas.
- A support zone ranging from 2.36 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.28 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.37 to 2.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.61 to 2.64. 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 | UP | POSITIVE | The long term trend for TRMED.OL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRMED.OL is down. |
| ChartMill Relative Strength | 97.55 | POSITIVE | TRMED.OL has a high relative strength, it outperformed 97.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRMED.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TRMED.OL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRMED.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for TRMED.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TRMED.OL has a negative trend. |
| Stochastics (14,3) | 15.12 | OVERSOLD | The low Stochastics value suggests TRMED.OL may be oversold. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMED.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.04 | NEGATIVE | The low ADX value for TRMED.OL 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)
OSL:TRMED (5/30/2025, 7:00:00 PM)
2.37
0 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.21%
1 Week-3.27%
2 Weeks-4.63%
1 Month3.95%
3 Month1.5%
6 Month-34.89%
12 Month134.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%4.53%
ATR Inc-60.42%
Range Today0.05
ADR(20)0.1
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.55
Mansfield1.95
10 Day High2.62
10 Day Low2.33
20 Day High2.64
20 Day Low2.27
52 Week High5
52 Week Low0.96
CS1 End2.36
CR1 Start2.37
Volume & EV
DER(3)0%
DER(5)-0.09%
Volume439.94K
Volume Incr-46.81%
Vol(5)553.35K
Vol(50)1.23M