Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(TRMD) Torm Plc complete technical analysis [charts+indicators] | Buy/Sell Torm Plc | (TRMD) share price targets

Complete technical analysis of Torm Plc (TRMD) by charts plus indicators, forecast predictions and share price targets for Torm Plc (TRMD)

Torm Plc trades in USA in Transportation sector.

Showing technical analysis as on 2024-05-29 View latest technical analysis

10 day averaged volume of Torm Plc is 991758

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	37.62	38.33	38.33	37.53	0.354 times
28 Tue May 2024	38.19	38.09	38.30	37.81	0.585 times
23 Thu May 2024	37.08	37.26	37.40	36.92	0.76 times
22 Wed May 2024	36.59	37.38	37.44	36.36	0.791 times
21 Tue May 2024	37.50	37.53	37.78	37.32	0.823 times
20 Mon May 2024	38.20	38.29	38.51	37.92	1.736 times
17 Fri May 2024	38.16	38.29	38.29	37.78	1.143 times
16 Thu May 2024	37.89	38.20	38.25	37.60	0.898 times
15 Wed May 2024	38.04	38.14	38.30	37.84	0.804 times
14 Tue May 2024	38.22	37.71	38.28	37.34	1.195 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 38 as stoploss in an intra day sell trade for a target of 36.5. However, stock will show a bullish move above 38.

Share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Target	31.00
Downside Target	32.05
Downside Target	33.61
Downside Target	34.40
Downside Target	36.31
Downside Target	37.05
Downside Target	37.11
Downside Target	37.53
Upside Target	38.30
Upside Target	38.33
Upside Target	38.51

Intraday share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Intraday Target	37.32
Downside Intraday Target	37.03
Upside Intraday Target	38.12
Upside Intraday Target	38.63
Upside Intraday Target	37.83

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	37.62	38.09	38.33	37.53	0.228 times
23 Thu May 2024	37.08	38.29	38.51	36.36	0.775 times
17 Fri May 2024	38.16	36.73	38.30	36.62	0.934 times
10 Fri May 2024	36.22	35.12	37.05	34.40	2.5 times
03 Fri May 2024	34.78	34.86	34.90	33.61	0.898 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Torm Plc (TRMD)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	37.62	34.20	38.51	33.61	1.166 times
30 Tue Apr 2024	34.43	35.05	36.31	32.05	1.148 times
28 Thu Mar 2024	34.95	33.56	35.32	32.61	1.297 times
29 Thu Feb 2024	33.81	36.21	36.51	32.59	0.609 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Torm Plc (TRMD)

Price action analysis of Torm Plc ( (TRMD) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Torm Plc ( (TRMD) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Torm Plc ( (TRMD) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Torm Plc ( (TRMD) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Torm Plc stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Torm Plc in short term and the buy signal is strong.

Torm Plc Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Torm Plc in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Torm Plc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 37.83 and Torm Plc (TRMD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Torm Plc (TRMD) stock. Volume based technical analysis of Torm Plc (TRMD) stock is negative.

Torm Plc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.