How the price action of Thermo Fisher Scientific Inc ($TMO) is used to our Advantage
November 18, 2023, 00:45 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TMO
- Buy TMO slightly over 453.9 target 492.77 stop loss @ 452.59 Details
The technical summary data tells us to buy TMO near 453.9 with an upside target of 492.77. This data also tells us to set a stop loss @ 452.59 to protect against excessive loss in case the stock begins to move against the trade. 453.9 is the first level of support below 466.42 , and by rule, any test of support is a buy signal. In this case, support 453.9 would be being tested, so a buy signal would exist.
- Short TMO slightly under 492.77, target 453.9, stop loss @ 494.19 Details
The technical summary data is suggesting a short of TMO as it gets near 492.77 with a downside target of 453.9. We should have a stop loss in place at 494.19though. 492.77 is the first level of resistance above 466.42, and by rule, any test of resistance is a short signal. In this case, if resistance 492.77 is being tested, so a short signal would exist.
Swing Trading Plans for TMO
- Buy TMO slightly over 473.77, target 492.77, Stop Loss @ 472.4 Details
If 473.77 begins to break higher, the technical summary data tells us to buy TMO just slightly over 473.77, with an upside target of 492.77. The data also tells us to set a stop loss @ 472.4 in case the stock turns against the trade. 473.77 is the first level of resistance above 466.42, and by rule, any break above resistance is a buy signal. In this case, 473.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TMO slightly near 473.77, target 454.85, Stop Loss @ 475.14. Details
The technical summary data is suggesting a short of TMO if it tests 473.77 with a downside target of 454.85. We should have a stop loss in place at 475.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 473.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TMO
- Buy TMO slightly over 473.07, target 473.77, Stop Loss @ 471.97 Details
If 473.07 begins to break higher, the technical summary data tells us to buy TMO just slightly over 473.07, with an upside target of 473.77. The data also tells us to set a stop loss @ 471.97 in case the stock turns against the trade. 473.07 is the first level of resistance above 466.42, and by rule, any break above resistance is a buy signal. In this case, 473.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TMO slightly near 473.07, target 454.85, Stop Loss @ 474.17. Details
The technical summary data is suggesting a short of TMO if it tests 473.07 with a downside target of 454.85. We should have a stop loss in place at 474.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 473.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Thermo Fisher Scientific Inc (TMO) available here: TMO.
TMO Ratings for November 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Weak |
| P1 |
0 |
0 |
453.9 |
| P2 |
473.07 |
454.85 |
492.77 |
| P3 |
483.36 |
473.77 |
529.54 |
AI Generated Signals for TMO
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Thermo Fisher Scientific Inc (NYSE: TMO) data table below can help you with price action, and we have more details too. Trading plans for TMO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TMO:
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