Stock Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
TORM plc - Class A (NASDAQ:TRMD)
Weak Downtrend (-65) - TRMD is showing signs of a strengthening downtrend. Monitor TRMD as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for TRMD
The long-term trend has been UP since Sep 22nd, 2023 at 28.2
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 29.3
The short-term trend has been DOWN since Nov 21st, 2023 at 31.0
Smart Scan Analysis for TRMD
Based on our trend formula, TRMD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|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||22.31||52wk Low Date||2023-07-21|
|Average Volume||726,316||Shares Outstanding||74,856|