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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 2024-07-31 View latest technical analysis

10 day averaged volume of Torm Plc is 475318

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	38.68	38.81	39.02	38.40	0.702 times
30 Tue Jul 2024	38.03	38.02	38.28	37.77	0.729 times
29 Mon Jul 2024	37.95	38.76	38.95	37.80	0.809 times
26 Fri Jul 2024	37.50	37.50	37.61	37.09	0.94 times
25 Thu Jul 2024	37.55	38.40	38.40	37.46	0.994 times
24 Wed Jul 2024	38.44	40.04	40.06	38.41	1.264 times
23 Tue Jul 2024	40.45	39.87	40.47	39.41	1.045 times
22 Mon Jul 2024	39.66	37.87	39.71	37.83	1.462 times
19 Fri Jul 2024	37.76	37.45	37.88	37.33	1.123 times
18 Thu Jul 2024	37.37	37.64	37.69	36.84	0.824 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 39 as stoploss in an intra day sell trade for a target of 38.13. However, stock will show a bullish move above 39.

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	38.51
Downside Target	38.52
Downside Target	38.67
Upside Target	39.02
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	37.96
Downside Intraday Target	37.24
Upside Intraday Target	39.21
Upside Intraday Target	39.74
Downside Intraday Target	38.49

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	38.68	38.76	39.02	37.77	0.393 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
31 Wed Jul 2024	38.68	38.89	40.47	36.84	0.696 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 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 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 Strong and stock is gaining momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

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 SELL signal in short term but selling is losing 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 38.43 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.