Thermo Fisher Scientific Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Thermo Fisher Scientific Inc stock downgraded to Sell Candidate
(Updated on May 02, 2024)
The Thermo Fisher Scientific Inc stock price fell by -0.650% on the last day (Thursday, 2nd May 2024) from $574.99 to $571.25. During the last trading day the stock fluctuated 2.53% from a day low at $565.49 to a day high of $579.80. The price has risen in 7 of the last 10 days and is up by 5.49% over the past 2 weeks. Volume has increased on the last day by 253 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $769.44 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.01% during the next 3 months and, with a 90% probability hold a price between $554.41 and $618.89 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TMO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Thermo Fisher Scientific Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $573.51 and $572.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.06%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Thermo Fisher Scientific Inc stock
Thermo Fisher Scientific Inc finds support from accumulated volume at $547.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $14.31 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TMO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Thermo Fisher Scientific Inc to open at $572.18, and during the day (based on 14 day Average True Range), to move between $559.47 and $583.03, which gives a possible trading interval of +/-$11.78 (+/-2.06%) 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 4.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $574.59 (0.58%) than the support at $547.25 (4.20%), 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?
The Thermo Fisher Scientific Inc stock holds several negative signals and despite the positive trend, we believe Thermo Fisher Scientific Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.314 Sell Candidate Downgraded
Predicted Opening Price for Thermo Fisher Scientific Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $572.18 ( 0.163%) | $571.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 586.48 | 2.67 % | |
| R2 | 581.02 | 1.71 % | ||
| R1 | 577.64 | 1.12 % | ||
| Current price: | 571.25 | |||
| Support | S1 | 566.71 | -0.794 % | |
| S2 | 563.34 | -1.39 % | ||
| S3 | 557.87 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 584.15 | 2.26 % | |
| R2 | 580.05 | 1.54 % | ||
| R1 | 574.59 | 0.585 % | ||
| Current price | 571.25 | |||
| Support | S1 | 547.25 | -4.20% | |
| S2 | 544.78 | -4.63% | ||
| S3 | 541.52 | -5.20% |
TMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 14, 2024 | Apr 15, 2024 | $0.390 | 0.0699% |
| 2 | Nov 09, 2023 | Dec 14, 2023 | Jan 16, 2024 | $0.350 | 0.0646% |
| 3 | Jul 13, 2023 | Sep 14, 2023 | Oct 13, 2023 | $0.350 | 0.0725% |
| 4 | May 24, 2023 | Jun 14, 2023 | Jul 14, 2023 | $0.350 | 0.0661% |
| 5 | Feb 22, 2023 | Mar 14, 2023 | Apr 14, 2023 | $0.350 | 0.0594% |
FAQ
Click here for our free guide on how to buy Thermo Fisher Scientific Inc Stock.
