The Greedy Trader Weekly Analysis
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- 9/11/2026 -
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Thermo Electron (TMO) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 593.76
Daily :Bearish Doji Star CandlestickBroken trend resistance lineA Parabolic SAR indicator is below and near the price
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It was the negative week for the Thermo Electron (TMO). During the week, the TMO gave back -3.96 points, or -0.65%, and closed at 609.82 on Friday, September 11, 2026. Weekly volume was -6% below 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 price is near the trend resistance line (593.76). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 647.00 on August 25, 2026. TMO gained -211.73 points, or -48.64%, in 14 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 520.49 and resistance is at 676.60. 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 Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index 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. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See TMO short-term trend chart]
A short-term downtrend had started on August 25, 2026 at 647.00 and reached 594.82 on September 10, 2026. TMO lost 52.18 points, or 8.06%, in 16 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (594.04) 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 short-term trend.

Daily Technical Indicators: [See TMO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 27, 2026. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (615.86) comes close to the price (609.82). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Candlestick pattern: [See TMO candlestick chart pattern]
On Friday the chart has formed a Bearish Doji Star Candlestick pattern. A Bearish Doji Star Pattern occurs in an uptrend and shows that buyers are now losing the control and market is moving to a deadlock between buyers and sellers. The reliability of the Bearish Doji Star pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bearish Doji Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.57
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 29.70
Greed/Fear Indicator (GFI) 37.66
Moving Average Converg./Diverg. (MACD) 12.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.63
Overbought
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 86.64
Overbought
Greed/Fear Indicator (GFI) 78.21
Moving Average Converg./Diverg. (MACD) 12.74
Trading Signals
Description Value Chart
Monthly Trendline Resistance 676.60
Upper Bollinger Band 635.10
Weekly Stochastic Crossing 622.41
Parabolic System 615.86
20 Day Moving Average 612.84
Price 609.82
Weekly Trendline Resistance 605.70
Daily Stochastic Crossing 603.14
Weekly Trendline Support 594.04
Yearly Trendline Resistance 593.76
50 Day Moving Average 578.48
Lower Bollinger Band 577.11
Monthly Trendline Support 520.49
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Life Sciences Tools & Services 116
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 594.82
Low Date 09/10/2026
High 615.24
High Date 09/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 605.70
Support 594.04
High 647.00
High Date 08/25/2026
Low 594.82
Low Date 09/10/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 676.60
Support 520.49
Low 435.27
Low Date 05/18/2026
High 647.00
High Date 08/25/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 385.46
Low Date 06/18/2025
High 647.00
High Date 08/25/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 593.76
Support 365.98
High 672.34
High Date 12/31/2021
Low 385.46
Low Date 06/18/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.