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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 2024-08-27 View latest technical analysis

10 day averaged volume of Torm Plc is 789130

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	38.60	38.68	38.81	38.17	1.115 times
26 Mon Aug 2024	38.58	38.48	38.98	38.39	0.951 times
23 Fri Aug 2024	38.32	37.89	38.45	37.60	0.965 times
22 Thu Aug 2024	37.37	37.99	38.09	37.33	1.291 times
21 Wed Aug 2024	37.90	38.41	38.41	37.87	0.851 times
20 Tue Aug 2024	37.90	38.01	38.25	37.70	1.165 times
19 Mon Aug 2024	38.41	37.73	38.91	37.73	0.851 times
16 Fri Aug 2024	37.27	37.45	37.67	37.18	1.198 times
15 Thu Aug 2024	37.67	37.82	38.13	37.11	1.559 times
14 Wed Aug 2024	37.38	37.50	37.87	37.09	0.637 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.3, but if it comes below 38.3, then a intra day sell could be more profitable.
If you take a sell trade below 38.3, then use 38.3 as stoploss and 37.45 as target. However if you take a buy trade in stock , then use 38.3 as stoploss and 39.3 as target.

Share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Target	32.05
Downside Target	33.61
Downside Target	35.89
Downside Target	38.13
Downside Target	38.17
Downside Target	38.51
Upside Target	38.91
Upside Target	38.98
Upside Target	39.02
Upside Target	39.46
Upside Target	40.47

Intraday share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Intraday Target	38.19
Downside Intraday Target	37.77
Upside Intraday Target	39
Upside Intraday Target	39.39
Downside Intraday Target	38.58

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	38.60	38.48	38.98	38.17	0.403 times
23 Fri Aug 2024	38.32	37.73	38.91	37.33	1.183 times
16 Fri Aug 2024	37.27	37.00	38.13	36.97	1.478 times
09 Fri Aug 2024	36.93	34.72	37.08	34.11	0.981 times
02 Fri Aug 2024	36.50	38.76	39.02	35.89	0.87 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
27 Tue Aug 2024	38.60	38.63	38.98	34.11	1.238 times
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

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 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 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 losing 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Torm Plc in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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.