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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 2024-08-02 View latest technical analysis

10 day averaged volume of Torm Plc is 478451

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	36.50	37.19	37.20	35.89	1.712 times
01 Thu Aug 2024	37.84	38.63	38.64	37.66	0.991 times
31 Wed Jul 2024	38.68	38.81	39.02	38.40	0.698 times
30 Tue Jul 2024	38.03	38.02	38.28	37.77	0.725 times
29 Mon Jul 2024	37.95	38.76	38.95	37.80	0.803 times
26 Fri Jul 2024	37.50	37.50	37.61	37.09	0.934 times
25 Thu Jul 2024	37.55	38.40	38.40	37.46	0.988 times
24 Wed Jul 2024	38.44	40.04	40.06	38.41	1.256 times
23 Tue Jul 2024	40.45	39.87	40.47	39.41	1.038 times
22 Mon Jul 2024	39.66	37.87	39.71	37.83	1.452 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.1, but if it comes above 37.1, then a intra day buy could be more profitable.
If you take a sell trade below 37.1, then use 37.1 as stoploss and 36.1 as target. However if you take a buy trade in stock , then use 37.1 as stoploss and 37.95 as target.

Share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Target	32.05
Downside Target	33.61
Downside Target	35.89
Upside Target	38.44
Upside Target	38.52
Upside Target	38.64
Upside 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	35.25
Downside Intraday Target	34.01
Upside Intraday Target	38.38
Upside Intraday Target	40.27
Upside Intraday Target	37.14

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	36.50	38.76	39.02	35.89	0.87 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 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
02 Fri Aug 2024	36.50	38.63	38.64	35.89	0.126 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 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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Torm Plc stock for short term is SELL. 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 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 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 38.22 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 positive

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