Stock Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
TORM plc - Class A (NASDAQ:TRMD)
Countertrend Down (-85) - TRMD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for TRMD
The long-term trend has been DOWN since Nov 22nd, 2021 at 7.2400
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 7.9000
The short-term trend has been UP since Dec 1st, 2021 at 7.5388
Smart Scan Analysis for TRMD
Based on our trend formula, TRMD is rated as a -85 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||10.16||52wk High Date||2021-05-24|
|52wk Low||7||52wk Low Date||2020-12-18|
|Average Volume||181,903||Shares Outstanding||74,856|