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Downtrend ResistanceArchive
- 8/7/2026 -
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Thermo Electron (TMO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a seventh positive week after 3 consecutive negative weeks for the Thermo Electron (TMO). During the week, the TMO gained 19.70 points, or 3.43%, and closed at 594.00 on Friday, August 7, 2026. Weekly volume was -16% 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 (595.37). 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 downtrend had started on January 22, 2026 at 643.99 and reached 435.27 on May 18, 2026. TMO lost 208.72 points, or 32.41%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (403.76) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. TMO may retest the broken resistance line. It is considered to be a support line now. 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 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. 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. The distance between MACD and the signal line is relatively high and getting bigger. 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 June 17, 2026 at 457.64 and reached 594.26 on August 7, 2026. TMO gained -136.62 points, or -29.85%, in 51 days. Price is near the trend high.
 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. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since July 22, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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