THOR MEDICAL ASA (TRMED.OL) Stock Technical Analysis
OSL:TRMED - Euronext Oslo - NO0010597883 - Common Stock - Currency: NOK
We assign a technical rating of 7 out of 10 to TRMED. TRMED has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that TRMED is one of the better performing stocks in the market, outperforming 97% of all stocks.
TRMED is one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 65 stocks in the same industry.
TRMED has an average volume of 1616180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TRMED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRMED is lagging the market.
In the last month TRMED has a been trading in the 2.29 - 3.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TRMED has an excellent technical rating, the quality of the presented setup is not ideal 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
2.26
2.92
3 important support areas can be observed.
- A support zone ranging from 2.45 to 2.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.38 from a trend line in the daily time frame.
- A support zone ranging from 2.28 to 2.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.56 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.89 from a trend line 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 TRMED.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRMED.OL is neutral. |
| ChartMill Relative Strength | 97.88 | POSITIVE | TRMED.OL has a high relative strength, it outperformed 97.88% 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 | POSITIVE | The current price of TRMED.OL is above 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) | 50.13 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 13.03 | OVERSOLD | The low Stochastics value suggests TRMED.OL may be oversold. |
| Average True Range in percent/ATR (20) | 5.4 | HIGH VOLATILITY | The high ATR as a percentage value for TRMED.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 14.95 | 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 (6/30/2025, 4:19:56 PM)
2.545
+0.03 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.19%
1 Week1.19%
2 Weeks-13.87%
1 Month7.38%
3 Month15.95%
6 Month-5.04%
12 Month145.18%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%5.4%
ATR Inc-53.77%
Range Today0.04
ADR(20)0.11
ADR(20)%4.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.88
Mansfield1.48
10 Day High3.07
10 Day Low2.44
20 Day High3.1
20 Day Low2.29
52 Week High5
52 Week Low0.96
CS1 End2.5
CR1 Start2.63
Volume & EV
DER(3)11.19%
DER(5)6.7%
Volume24.28K
Volume Incr-29.18%
Vol(5)1.74M
Vol(50)1.62M