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(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 2024-07-22 View latest technical analysis

10 day averaged volume of Torm Plc is 442436

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	39.66	37.87	39.71	37.83	1.571 times
19 Fri Jul 2024	37.76	37.45	37.88	37.33	1.207 times
18 Thu Jul 2024	37.37	37.64	37.69	36.84	0.885 times
17 Wed Jul 2024	37.45	38.00	38.03	37.04	0.87 times
16 Tue Jul 2024	38.18	38.25	38.44	37.97	0.903 times
15 Mon Jul 2024	37.74	37.81	38.09	37.69	0.758 times
12 Fri Jul 2024	37.28	37.51	37.72	37.16	0.879 times
11 Thu Jul 2024	37.49	37.78	37.79	37.15	0.943 times
10 Wed Jul 2024	37.99	37.47	38.21	37.42	0.955 times
09 Tue Jul 2024	37.18	37.38	37.48	37.03	1.276 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 39.8, for a target of 38.9 or 38.2

Share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Target	32.05
Downside Target	33.61
Downside Target	35.32
Downside Target	36.31
Downside Target	37.83
Downside Target	38.52
Downside Target	38.67
Downside Target	39.46
Downside Target	39.64
Upside Target	39.71

Intraday share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Intraday Target	38.42
Downside Intraday Target	37.19
Upside Intraday Target	40.3
Upside Intraday Target	40.95
Downside Intraday Target	39.07

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jul 2024	39.66	37.87	39.71	37.83	0.34 times
19 Fri Jul 2024	37.76	37.81	38.44	36.84	0.86 times
12 Fri Jul 2024	37.28	38.67	38.67	37.03	3.115 times
05 Fri Jul 2024	38.87	39.13	39.64	38.52	0.591 times
03 Wed Jul 2024	39.10	38.89	39.64	38.09	0.351 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
22 Mon Jul 2024	39.66	38.89	39.71	36.84	0.487 times
28 Fri Jun 2024	38.77	37.06	39.46	33.91	0.73 times
31 Fri May 2024	37.05	34.20	38.51	33.61	1.359 times
30 Tue Apr 2024	34.43	35.05	36.31	32.05	1.148 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 to mid 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 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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

CCI has generated a buy signal for Torm Plc in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 37.91 and Torm Plc (TRMD) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.