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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 2024-10-17 View latest technical analysis

10 day averaged volume of Torm Plc is 869230

Date	Daily Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	29.90	30.09	30.17	29.87	1.148 times
16 Wed Oct 2024	30.11	29.89	30.33	29.77	1.018 times
15 Tue Oct 2024	30.01	30.34	30.72	29.96	1.636 times
14 Mon Oct 2024	31.29	31.00	31.44	30.80	1.185 times
11 Fri Oct 2024	31.64	31.86	31.95	31.48	0.868 times
10 Thu Oct 2024	32.12	32.13	32.32	31.84	0.47 times
09 Wed Oct 2024	31.92	32.04	32.13	31.63	0.845 times
08 Tue Oct 2024	32.34	32.61	32.61	32.05	0.97 times
07 Mon Oct 2024	32.75	32.78	33.15	32.38	1.078 times
04 Fri Oct 2024	32.92	32.91	33.10	32.70	0.931 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 31.2, but if it comes above 31.2, then a intra day buy could be more profitable.
If you take a sell trade below 31.2, then use 31.2 as stoploss and 29.1 as target. However if you take a buy trade in stock , then use 31.2 as stoploss and 32.86 as target.

Share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Target	29.77
Upside Target	31.44
Upside Target	33.15
Upside Target	34.45
Upside Target	35.43
Upside Target	36.78
Upside Target	36.84
Upside Target	38.98
Upside Target	39.46
Upside Target	40.47

Intraday share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Intraday Target	29.3
Downside Intraday Target	28.7
Upside Intraday Target	30.97
Upside Intraday Target	32.04
Upside Intraday Target	30.37

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Thu Oct 2024	29.90	31.00	31.44	29.77	1.178 times
11 Fri Oct 2024	31.64	32.78	33.15	31.48	0.449 times
04 Fri Oct 2024	32.92	34.06	34.26	31.80	2.21 times
27 Fri Sep 2024	34.24	34.66	35.43	33.78	1.049 times
20 Fri Sep 2024	35.11	34.76	36.78	34.45	1.087 times

Price has moved down 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
17 Thu Oct 2024	29.90	32.35	33.47	29.77	1.067 times
30 Mon Sep 2024	34.19	35.46	36.78	32.26	0.877 times
30 Fri Aug 2024	36.09	38.63	38.98	34.11	1.623 times
31 Wed Jul 2024	38.68	38.89	40.47	36.84	0.696 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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

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 red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Torm Plc in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 31.33 and Torm Plc (TRMD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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