Thermo Fisher Scientific Inc Stock Forecast

Buy or Hold candidate since Jan 03, 2025 Gain 7.71%

The Thermo Fisher Scientific Inc stock price gained 2.40% on the last trading day (Tuesday, 21st Jan 2025), rising from $559.65 to $573.06. During the last trading day the stock fluctuated 2.44% from a day low at $562.65 to a day high of $576.36. The price has risen in 6 of the last 10 days and is up by 7.71% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 2 million shares were bought and sold for approximately $1.04 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $574.49 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.03% during the next 3 months and, with a 90% probability hold a price between $483.37 and $562.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TMO Signals & Forecast

Mostly positive signals in the chart today. The Thermo Fisher Scientific Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $557.24 and $534.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 18, 2024, and so far it has risen 14.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, January 02, 2025 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Thermo Fisher Scientific Inc stock

Thermo Fisher Scientific Inc finds support from accumulated volume at $551.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $13.71 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 2.34%.

The Thermo Fisher Scientific Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stock may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $556.21 (-2.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (TMO) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Thermo Fisher Scientific Inc to open at $570.69, and during the day (based on 14 day Average True Range), to move between $560.85 and $585.27, which gives a possible trading interval of +/-$12.21 (+/-2.13%) up or down from last closing price. If Thermo Fisher Scientific Inc takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $576.49 (0.60%) than the support at $551.47 (3.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Thermo Fisher Scientific Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.282 Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $570.69 ( 0.414%).