The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 10/24/2025 -
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Thermo Electron (TMO) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 578.81
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
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It was a second consecutive positive week for the Thermo Electron (TMO). During the week, the TMO gained 33.58 points, or 6.23%, and closed at 572.50 on Friday, October 24, 2025. Weekly volume was 12% 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 September 10, 2024 at 627.88 and reached 385.46 on June 18, 2025. TMO lost 242.42 points, or 38.61%, in 40 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (578.81). 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 June 18, 2025 at 385.46 and reached 578.24 on October 23, 2025. TMO gained -192.78 points, or -50.01%, in 18 weeks. Price is near the trend high.

Weekly Technical Indicators: [See TMO weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 July 3, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 September 29, 2025 at 456.67 and reached 578.24 on October 23, 2025. TMO gained -121.57 points, or -26.62%, in 24 days. Price is near the trend high.

Daily Technical Indicators: [See TMO daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since September 30, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.21
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 85.80
Overbought Bearish
Greed/Fear Indicator (GFI) 84.55
Overbought
Moving Average Converg./Diverg. (MACD) 16.33 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.14
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 76.47
Bearish
Greed/Fear Indicator (GFI) 79.13
Moving Average Converg./Diverg. (MACD) 1.38 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 585.12
Quarterly Trendline Resistance 578.81
Price 572.50
Daily Stochastic Crossing 571.31
Weekly Stochastic Crossing 558.73
Parabolic System 557.24
20 Day Moving Average 534.61
50 Day Moving Average 503.84
Lower Bollinger Band 483.60
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Life Sciences Tools & Services 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 519.45
Low Date 10/14/2025
High 578.24
High Date 10/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 456.67
Low Date 09/29/2025
High 578.24
High Date 10/23/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 385.46
Low Date 06/18/2025
High 578.24
High Date 10/23/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 578.81
Support 318.34
High 627.88
High Date 09/10/2024
Low 385.46
Low Date 06/18/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.