TMO stock: buy or sell
Updated on:
Jul 29th, 2021
2
TMO stock brief
- Thermo Fisher Scientific slightly moved a -0.38% after hitting new all-time highs on Tuesday
- From the chart point view, price is drawing a scaled uptrend since early June with higher tops and higher bottoms. Up to date, the uptrend marked a 20.48% profit since the beginning of this rally
- On Tuesday broke out above its latest top at $529.55
- On July 21, Thermo Fisher Scientific released its Q2 financial report
- Last Friday broke out above its latest top at $529.55
- 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 just one buy setup eligible:
Uptrend buy setup
Thermo Fisher Scientific stock is in an uptrend since in early June that so far has marked a gorgeous 20.00% gain. Price marked a local bottom in this uptrend at $507.16 on July 21, and since then it bounced off a 4.16%. Now, it's only 0.24% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $529.55. If you decide to enter this trade, the suggested stop loss is at $491.95
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $529.55 | $491.95 | 7.10% |
Should I sell Thermo Fisher Scientific stock?
"To sell or not to sell", if you are holding Thermo Fisher Scientific stock?. Much like when we have to buy shares, choosing when is appropiate time to sell is not a whimsy decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling shares in your porfolio, not for shorting Thermo Fisher Scientific stock
A guiding principle is that you should never keep an open trade that produces greater losses than those expected at the time of the buy. The moment to sell shares must 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 own 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 we couldn't find any rating for Thermo Fisher Scientific
Thermo Fisher Scientific stock analysis
Since in early June, Thermo Fisher Scientific has been printing an uptrend that by now marked a gorgeous 20.48%. The price action shows higher peaks and troughs, and along the way gave very few entry points for those who wanted to trade in. Latest pullback was on July 21, when price bounced at $507.16. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $529.55 and $507.16
$TMO at All-time Highs
On Tuesday, Thermo Fisher Scientific hit new all-time highs (ATH) again at $534.50
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band last Friday, the price has corrected downwards by 0.92%. The price is moving near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last Monday after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 65.17
Thermo Fisher Scientific stock price history
Thermo Fisher Scientific went public on Mar 17th, 1980 priced at $0.00 per share1. Since then, TMO stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Thermo Fisher Scientific stock at that time, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Thermo Fisher Scientific stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental information by the company, and usually. Again, these predictions are not direct recommendations for individual investors and should not be trusted blindly.
We don't have any target price published in the previous month for Thermo Fisher Scientific.
Earnings and financials
On July 21, Thermo Fisher Scientific ($TMO) had the quarterly shareholders event and released the report.
Same quarter one year ago, reported EPS was $3.89, so current EPS is -100.00%. Looking at revenues, figures skyrocketed a 59.00% compared to $62.3B year over year.TMO ($TMO) is posting earnings report next October.
Thermo Fisher Scientific performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Thermo Fisher Scientific ($TMO) | 4.60% | 10.70% | 7.60% |
Important note:
The opinions given in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for general educational motives onlyTMO summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $518 |
| Close | $528.27 |
| Day range | $516 - $529.18 |
| Previous close | $530.28 |
| Session gain | -0.38% |
| Average true range | $9.35 |
| 50d mov avg | $488.10 |
| 100d mov avg | $476.23 |
| 200d mov avg | $477.25 |
| Earnings date | October 19th, 2021 |