Should You Buy Torm PLC (TRMD) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
Torm PLC (TRMD) is not a strong buy for a beginner, long-term investor at this time. Despite a recent analyst upgrade, the company's financial performance has significantly declined YoY, and technical indicators suggest a potential short-term downside. Additionally, there are no strong positive catalysts or trading signals to support an immediate buy decision.
Technical Analysis
The MACD is positive but contracting, RSI is neutral at 58.868, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, the stock is trading near a key pivot point (22.771), with resistance at 23.491 and support at 22.051. The stock trend analysis suggests a 70% chance of a -3.45% decline in the next day and further declines over the next week and month.