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- 4/10/2026 -
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Thermo Electron (TMO) Technical Analysis

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Summary:
Weekly :Oversold sectorLane's Stochastic is oversold
Daily :Williams' Percentage Range is overbought
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It was a second consecutive positive week for the Thermo Electron (TMO). During the week, the TMO climbed 4.65 points, or 0.95%, and closed at 496.11 on Friday, April 10, 2026. Weekly volume was -40% below average.

TMO is a member of Health Care Sector. Health Care is the second most oversold 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 trend support level is at 373.09 and resistance is at 600.87. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See TMO medium-term trend chart]
A medium-term downtrend had started on January 22, 2026 at 643.99 and reached 458.34 on March 19, 2026. TMO lost 185.65 points, or 28.83%, in 8 weeks. The price is now at the 20.34% retracement level.

Weekly Technical Indicators: [See TMO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since January 30, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend 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 uptrend had started on March 19, 2026 at 458.34 and reached 507.28 on April 8, 2026. TMO gained -48.94 points, or -10.68%, in 20 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 488.46 and resistance is at 512.55. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See TMO daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since March 20, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.94
Williams' Percentage Range (W%R) 14.60
Overbought
Lane's Stochastic (%D-Slow) 67.24
Greed/Fear Indicator (GFI) 71.85
Moving Average Converg./Diverg. (MACD) -7.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.58
Williams' Percentage Range (W%R) 77.50
Lane's Stochastic (%D-Slow) 14.08
Oversold
Greed/Fear Indicator (GFI) 24.62
Moving Average Converg./Diverg. (MACD) 3.10
Trading Signals
Description Value Chart
Upper Bollinger Band 516.08
Weekly Trendline Resistance 512.55
50 Day Moving Average 508.69
Daily Stochastic Crossing 499.46
Price 496.11
Parabolic System 489.62
Weekly Trendline Support 488.46
20 Day Moving Average 483.65
Lower Bollinger Band 469.59
Weekly Stochastic Crossing 469.50
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Life Sciences Tools & Services 16
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 479.95
Low Date 04/06/2026
High 507.28
High Date 04/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 512.55
Support 488.46
Low 458.34
Low Date 03/19/2026
High 507.28
High Date 04/08/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 643.99
High Date 01/22/2026
Low 458.34
Low Date 03/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 385.46
Low Date 06/18/2025
High 643.99
High Date 01/22/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 600.87
Support 373.09
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.