Deepika- Thermo Fisher is trading at $514.39, and the TMO price increased by 0.83% in the last 24 hours.
- The market capitalization of Thermo Fisher stock is $196.776 Billion.
- Thermo Fisher Price, 52-week price bound range is $475.77 – $611.06.
The Thermo Fisher price indicates that the TMO stock price is trying to sustain itself at the current level of $514.39 to reach the above resistance levels. The TMO Stock price needs to gather bulls’ power with great momentum to surge above the resistance levels. However, the bears are sitting heavily at above levels waiting for their chance to short the market of the TMO Stock over the daily time frame chart.
This month the Thermo Fisher price trend was bearish as the price was down by 1.80%. The TMO stock price underperformed this month. The Thermo Fisher price has seen a decrement in its price by 6.95% in the last six months which highlights its underperformance. Moreover, the Thermo Fisher price year-to-date return is negative with a decrease of 7.03%.
Thermo Fisher (TMO) Stock Price Technical Analysis
As of the day of publishing, the TMO stock price is trying to sustain itself at the current level on the 1D chart. The Thermo Fisher-price is trading below the 20, 50, 100 & 200-day EMA (exponential moving average), rejecting the Thermo Fisher price trend downwards. There is a possibility that the TMO stock’s worth will decrease even further in the forthcoming week if the bears push the price down.
The MACD indicator summarizes the downtrend momentum of TMO stock price. The MACD line is below the signal line waiting for any crossover. Also, the MACD indicator is in the negative zone below the zero line. The MACD line at -3.62 and signal line at -2.95 is below the zero line, suggesting that the MACD is in negative territory and is giving bearish signals.
The current value of RSI is 42.82 points. The 14 SMA line is close to the median line at 47.40 points, indicating neutral sentiment in the market. As the price is heading toward oversold territory, the market is encountering bearish sentiment currently.
The technical parameters of TMO Stock price suggest the continuation of the downtrend over the daily time frame chart. The TMO stock price reflects a pessimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt negative signals about the Thermo Fisher stock.
Volume Analysis
The TMO Share price traded in a day is $50.57 Million. The volume graph shows that the trading activity is good in the TMO stock. However, the volume is decreasing, the TMO Price can push the price downwards as the sentiments are negative. There is a significant decline in the volume of the stock.
Trendline Analysis
The price has respected its significant trendline forming a downward channel, highlighting that the price might go downward. The price is going toward major support. If the price breaks the support line, it will move downward toward the next support.
Extraction
The Thermo Fisher price indicates that the TMO Stock price is trying to sustain itself at the current level of $514.39 to reach the above resistance levels, But bears are sitting heavily. The sentiments and perspectives of investors and traders regarding the Thermo Fisher price are bearish in the 1D timeframe. The TMO stock price reflects a pessimistic view currently. The technical parameters for the TMO stock price indicate bearish pressure.
Technical Levels:
- The Nearest Support level is $504.75.
- The Nearest Resistance level is $531.72.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
