Overbought Readings Warn of TMO Pullback at $613.54
Bearish
Aug 20, 2026 at 3:42 AM
•
$613.54
(+4.16%)
Thermo Fisher Scientific Inc (TMO) closed up 4.16% at $613.54 on August 20.
From a technical standpoint, the outlook appears mixed:
Momentum
RSI at 70.2 is in overbought territory, suggesting potential near-term exhaustion. MACD is bearish (18.15 vs signal 19.06).
Moving Averages
Moving averages are stacked bullishly—9-day EMA ($593.83) supports, 21-day ($578.67) below.
Volatility
Price is extended above the upper Bollinger Band ($611.93), suggesting possible mean reversion.
The bullish trend is intact, but overbought momentum readings suggest waiting for a pullback.
Support sits at $555.54 with resistance at $611.93.