THOR MEDICAL ASA (TRMED.OL) Stock Technical Analysis
OSL:TRMED - Euronext Oslo - NO0010597883 - Common Stock - Currency: NOK
We assign a technical rating of 8 out of 10 to TRMED. Both in the recent history as in the last year, TRMED has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 part of the Biotechnology industry. There are 67 other stocks in this industry. TRMED outperforms 96% of them.
In the last month TRMED has a been trading in the 2.40 - 2.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TRMED has an average volume of 1638880 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.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, TRMED also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.50, a Stop Loss order could be placed below this zone.
More info and screens
2.36
2.90
We found 3 important support areas.
- A support zone ranging from 2.48 to 2.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.42 to 2.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @2.38 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.51 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.60 from a trend line in the weekly time frame.
- Resistance @2.65 from a horizontal line in the weekly time frame.
- Resistance @2.75 from a trend line in the daily time frame.
- Resistance @2.87 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 | 97.43 | POSITIVE | TRMED.OL has a high relative strength, it outperformed 97.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRMED.OL is above 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) | 49.59 | NEUTRAL | The RSI value for TRMED.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TRMED.OL has a positive trend. |
| Stochastics (14,3) | 61.9 | NEUTRAL | The Stochastics value for TRMED.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for TRMED.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 7.65 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.53 | 2.47 | 0.06 (2.37%) | 25.00% |
| An entry @2.53. This is a Buy Stop order right above the resistance zone. | An exit @2.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.06 points, which is 2.37%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TRMED. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:TRMED (7/22/2025, 4:19:47 PM)
2.505
-0.02 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.6%
1 Week0%
2 Weeks1.21%
1 Month2.45%
3 Month4.38%
6 Month-9.89%
12 Month144.15%
2 Year46.32%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%2.44%
ATR Inc-33.54%
Range Today0.03
ADR(20)0.06
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.43
Mansfield0.74
10 Day High2.55
10 Day Low2.4
20 Day High2.58
20 Day Low2.4
52 Week High5
52 Week Low0.96
CS1 End2.5
CR1 Start2.51
Volume & EV
DER(3)0.87%
DER(5)0.6%
Volume43.06K
Volume Incr-74.93%
Vol(5)522.60K
Vol(50)1.64M