TMO stock: buy or sell
Updated on:
Apr 22nd, 2021
2
TMO stock brief
- Counting on Wednesday, it's been 4 consecutive sessions in red for Thermo Fisher Scientific. Price closed on Wednesday at $480.41 after merely changing a -0.40%.
- On Wednesday, Thermo Fisher Scientific released its Q1 earnings report
- From the chart point view, price is drawing a scaled uptrend since early March with higher tops and higher bottoms. Up to date, shares made a 10.88% gain since the beginning of this rally
- Thermo Fisher Scientific Inc. offers life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and service worldwide.
Should I buy Thermo Fisher Scientific stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $TMO stock a buy?
In the current situation of Thermo Fisher Scientific there is not any eligible buy setup. This doesn't mean $TMO will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Thermo Fisher Scientific stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the good moment to sell and get your benefits. As when we have to buy shares, determining when is appropiate to sell is not a whimsy decision, and we must use our own trading strategy. When selling, as well as buying, our strategies are very simple to follow and are only valid for selling shares in your porfolio, not for selling short $TMO stock
A guiding principle is that you should never keep a trade that produces higher than expected losses at the time of purchase. When to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell Thermo Fisher Scientific stock?
Currently, Thermo Fisher Scientific stock doesn't match any of our preferred sell setups, so if you hold Thermo Fisher Scientific stock and your operation is in profit probably is not time to sell now
Thermo Fisher Scientific ratings
In the last month, 3 analyst ratings were published for Thermo Fisher Scientific. General sentiment is bullish, with 2 out of 3 publishing positive outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 24th, 2021 | |
| KeyCorp | |
| Mar 29th, 2021 | |
| UBS Group | |
| Apr 16th, 2021 | |
| Evercore ISI | Buy |
Thermo Fisher Scientific stock analysis
Since in early March, Thermo Fisher Scientific has been drawing an uptrend that by now marked an amazing 10.88%. Rising highs and lows can be seen easily on a chart and how price action provided very few entry points on the breakouts. Latest low was in late March, when price bounced at $434.63. Currently, it swings in a consolidation between its last top ($499.00) and its last bottom ($434.63)
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Friday, the price dropped by 3.73%
Relative strength index
The has been between the the levels of 30 and 70 for several weeks, and therefore, without this indicator really serving to help us make any decisions.
Thermo Fisher Scientific stock price history
Thermo Fisher Scientific started trading on Mar 17th, 1980 at $0.00 per share1. Since then, TMO stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD at that time would have a value of $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Thermo Fisher Scientific stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and many times. Again, these estimates are not direct recommendations for individual traders and must not be trusted blindly.
There are 3 price predictions published for Thermo Fisher Scientific that average $540.00. Thermo Fisher Scientific closed at $480.41 on Wednesday, that is a 11.04% than the target price.
| Brokerage firm | Price target |
|---|---|
| Mar 24th, 2021 | |
| KeyCorp | $520.00 |
| Mar 29th, 2021 | |
| UBS Group | $588.00 → $560.00 |
| Apr 16th, 2021 | |
| Evercore ISI | $525.00 → $540.00 |
Earnings and financials
Thermo Fisher Scientific ($TMO) had the earnings call and posted the report on Wednesday.
Same quarter one year ago, reported EPS was $2.94, so recently posted EPS is -100.00%. Looking at revenues, figures exploded a 54.49% compared to $68.3B year over year.TMO ($TMO) will host the earnings call next July.
Thermo Fisher Scientific performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Thermo Fisher Scientific ($TMO) | 5.80% | -6.80% | 4.30% |
Please read:
The opinions given in this article are personal and not recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific circumstances of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for educative reasons onlyTMO summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $484.25 |
| Close | $480.41 |
| Day range | $476.48 - $485.91 |
| Previous close | $482.36 |
| Session gain | -0.40% |
| Average true range | $12.34 |
| 50d mov avg | $464.78 |
| 100d mov avg | $474.10 |
| 200d mov avg | $455.18 |
| Earnings date | July 21st, 2021 |