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 2024-07-29 View latest technical analysis

10 day averaged volume of Torm Plc is 475728

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	37.95	38.76	38.95	37.80	0.808 times
26 Fri Jul 2024	37.50	37.50	37.61	37.09	0.939 times
25 Thu Jul 2024	37.55	38.40	38.40	37.46	0.993 times
24 Wed Jul 2024	38.44	40.04	40.06	38.41	1.263 times
23 Tue Jul 2024	40.45	39.87	40.47	39.41	1.044 times
22 Mon Jul 2024	39.66	37.87	39.71	37.83	1.461 times
19 Fri Jul 2024	37.76	37.45	37.88	37.33	1.122 times
18 Thu Jul 2024	37.37	37.64	37.69	36.84	0.823 times
17 Wed Jul 2024	37.45	38.00	38.03	37.04	0.809 times
16 Tue Jul 2024	38.18	38.25	38.44	37.97	0.84 times

My analysis of stock is bearish for shortterm, and stock might move down till 37.3 or till 36.3. Use a stoploss of 38.2 and if the stock hits stoploss, then it can shoot up till 39.07

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
Upside Target	38.51
Upside Target	38.52
Upside Target	38.67
Upside Target	38.95
Upside Target	39.46
Upside Target	39.64
Upside Target	40.47

Intraday share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Intraday Target	37.52
Downside Intraday Target	37.08
Upside Intraday Target	38.67
Upside Intraday Target	39.38
Upside Intraday Target	38.23

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	37.95	38.76	38.95	37.80	0.142 times
26 Fri Jul 2024	37.50	37.87	40.47	37.09	1.326 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

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 Mon Jul 2024	37.95	38.89	40.47	36.84	0.649 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 down 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Torm Plc ( (TRMD) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 gaining momentum.

MACD generated a SELL signal for Torm Plc in short term but the sell signal is initial and weak.

Torm Plc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 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 38.35 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.