Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-11 View latest technical analysis

10 day averaged volume of Torm Plc is 861709

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	33.26	32.80	33.52	32.66	0.702 times
10 Tue Sep 2024	32.57	33.09	33.09	32.26	0.708 times
09 Mon Sep 2024	33.12	32.91	33.29	32.74	0.672 times
06 Fri Sep 2024	33.04	33.42	33.71	32.90	0.737 times
05 Thu Sep 2024	33.21	33.42	33.80	33.07	0.935 times
04 Wed Sep 2024	33.94	33.91	34.49	33.89	0.729 times
03 Tue Sep 2024	33.89	35.46	35.46	33.84	1.632 times
30 Fri Aug 2024	36.09	36.29	36.71	35.70	0.917 times
30 Fri Aug 2024	36.09	36.29	36.71	35.70	0.917 times
29 Thu Aug 2024	36.03	35.82	36.19	35.53	0.882 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.9, but if it comes above 33.9, then a intra day buy could be more profitable.
If you take a sell trade below 33.9, then use 33.9 as stoploss and 31.3 as target. However if you take a buy trade in stock , then use 33.9 as stoploss and 36.02 as target.

Share price targets for Torm Plc (TRMD)

Target Type	Value
Downside Target	32.26
Upside Target	35.46
Upside Target	36.71
Upside Target	36.84
Upside Target	37.33
Upside Target	38.51
Upside Target	38.91
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	32.51
Downside Intraday Target	31.75
Upside Intraday Target	33.77
Upside Intraday Target	34.27
Downside Intraday Target	33.01

Weekly technical analysis of Torm Plc (TRMD)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	33.26	32.91	33.52	32.26	0.516 times
06 Fri Sep 2024	33.04	35.46	35.46	32.90	4.4 times
30 Fri Aug 2024	36.09	36.29	36.71	35.70	0.165 times
30 Fri Aug 2024	36.09	38.48	38.98	35.53	1.186 times
23 Fri Aug 2024	38.32	37.73	38.91	37.33	1.183 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
11 Wed Sep 2024	33.26	35.46	35.46	32.26	0.317 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
28 Fri Jun 2024	38.77	37.06	39.46	33.91	0.73 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Torm Plc in short term but BUY signal is weak.

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 34.21 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.