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Stock Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
TORM plc - Class A (NASDAQ:TRMD)
Long-Term Downtrend (-90) - TRMD is in a strong downtrend that is likely to continue. While TRMD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TRMD
The long-term trend has been DOWN since May 24th, 2023 at 25.63
The intermediate-term trend has been DOWN since May 1st, 2023 at 29.37
The short-term trend has been DOWN since May 22nd, 2023 at 26.71
Smart Scan Analysis for TRMD
Based on our trend formula, TRMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 25.590 | 25.895 | 25.370 | 25.810 | +0.590 |
| Prev. Close | Volume | Bid | Ask | Time |
| 25.800 | 209632 | 2023-06-02 15:59:50 |
| Year High | 8.25 | Year High Date | 2018-03-13 |
| Year Low | 4.37 | Year Low Date | 2018-10-15 |
| 52wk High | 36.6 | 52wk High Date | 2023-03-01 |
| 52wk Low | 11.0048 | 52wk Low Date | 2022-07-06 |
| Average Volume | 381,545 | Shares Outstanding | 74,856 |
| Market Cap | 597M | Assets | 242,110,000M |
| Liabilities | 120,640,000M | P/E Ratio | 22.3186 |
| Volatility | 115.24 |