Technical Analysis: TMO is currently in a downtrend, trading below its key moving averages (SMA 5: 531.24, SMA 20: 562.06). The RSI-14 at 40.00 indicates neutral momentum but approaching oversold territory. MACD shows bearish momentum with negative values (MACD: -7.32, Signal: -1.97).
Price Target Analysis: Based on Fibonacci levels, key support lies at 523.75, with stronger support at 510.18. Resistance levels are at 567.66 and 581.23. The current price action suggests potential further downside in the short term.
News Sentiment: Recent analyst coverage remains positive:
Next Week's Price Prediction: Given the technical weakness and current market conditions, TMO is likely to test the first Fibonacci support at 523.75. However, strong analyst backing and fundamental strength suggest limited downside.
Target Range for Next Week:
Recommendation: HOLD/SELL
The price of TMO is predicted to go up -1.98%, based on the high correlation periods with AWR. The similarity of these two price pattern on the periods is 96.44%.
TMO
AWR
Year
TMO Price Forecast($)
Potential Return(%)
2025
532.740
0.140
2026
680.000
13.760
2027
700.000
17.110
2028
750.000
25.470
2029
750.000
25.470
2030
850.000
42.200
Thermo Fisher is among the industry's best when it comes to cost control. As near-term spending is constrained, the company's margins show exceptional resilence.
PPD business is growing above-market rates, implying share gains. The company's scale and reach have boosted performance in this already-attractive business.
Thermo Fisher is successfully implementing price hikes within its portfolio, offsetting inflation pressures.
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