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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 2024-07-24 View latest technical analysis

10 day averaged volume of Torm Plc is 446578

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	38.44	40.04	40.06	38.41	1.346 times
23 Tue Jul 2024	40.45	39.87	40.47	39.41	1.112 times
22 Mon Jul 2024	39.66	37.87	39.71	37.83	1.556 times
19 Fri Jul 2024	37.76	37.45	37.88	37.33	1.195 times
18 Thu Jul 2024	37.37	37.64	37.69	36.84	0.877 times
17 Wed Jul 2024	37.45	38.00	38.03	37.04	0.862 times
16 Tue Jul 2024	38.18	38.25	38.44	37.97	0.895 times
15 Mon Jul 2024	37.74	37.81	38.09	37.69	0.751 times
12 Fri Jul 2024	37.28	37.51	37.72	37.16	0.871 times
11 Thu Jul 2024	37.49	37.78	37.79	37.15	0.934 times

My analysis of stock is bullish for shortterm, and stock might move up till 39.2 or till 40.2. Use a stoploss of 38.34 and if this stock hits its stoploss, then it can fall down till 37.49

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
Upside Target	38.52
Upside Target	38.67
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	37.36
Downside Intraday Target	36.27
Upside Intraday Target	40
Upside Intraday Target	41.55
Upside Intraday Target	38.91

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jul 2024	38.44	37.87	40.47	37.83	0.876 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
24 Wed Jul 2024	38.44	38.89	40.47	36.84	0.561 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 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 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 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 losing momentum.

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

Torm Plc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 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 38.33 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.