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Archive
- 10/23/2026 -
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Thermo Electron (TMO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Thermo Electron (TMO). During the week, the TMO dropped -16.18 points, or -2.34%, and closed at 673.82 on Friday, October 23, 2026. Weekly volume was 47% above average.
TMO is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TMO long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 672.34 and reached 385.46 on June 18, 2025. TMO lost 286.88 points, or 42.67%, in 180 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (363.84) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See TMO medium-term trend chart]
A medium-term uptrend had started on May 18, 2026 at 435.27 and reached 705.79 on October 21, 2026. TMO gained -270.52 points, or -62.15%, in 22 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 657.57 and resistance is at 762.19. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See TMO weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 26, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See TMO short-term trend chart]
A short-term uptrend had started on May 20, 2026 at 438.66 and reached 705.79 on October 21, 2026. TMO gained -267.13 points, or -60.90%, in 154 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 657.68 and resistance is at 720.94. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See TMO daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
 Candlestick pattern: [See TMO candlestick chart pattern]
On Friday the chart has formed a Bearish On Neck Candlestick pattern. This is the weakest bearish continuation signal; it appears in a downtrend. Use the Technical Stock Screener to see the list of stocks that had a Bearish On Neck Candlestick pattern during the last week.
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