Technical Analysis
Based on the technical indicators and recent price movements:
The RSI(14) reading of 71.74 indicates TMO is approaching overbought territory, suggesting caution for new long positions. The stock is currently trading above its 20-day moving average of $546.43, showing short-term bullish momentum.
The Fibonacci levels indicate key price targets:
News Analysis
Recent positive catalysts include:
However, some headwinds exist:
Price Prediction for Next Week
Based on technical and fundamental factors:
Trading Recommendation: HOLD
The overbought RSI suggests limited upside in the very short term. While long-term fundamentals remain strong with AI tailwinds, current technical setup indicates a likely consolidation phase. Better entry points may emerge if price pulls back to support levels around $546-537.
The price of TMO is predicted to go up 18.78%, based on the high correlation periods with GFI. The similarity of these two price pattern on the periods is 98.13%.
TMO
GFI
Year
TMO Price Forecast($)
Potential Return(%)
2025
532.740
0.140
2026
620.000
16.540
2027
750.000
40.970
2028
750.000
40.970
2029
750.000
39.620
2030
850.000
58.230
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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