Based

Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The year-to-date return of Thermo Fisher Scientific Inc. stock is -8.75% while the three-month return is -4.04%</a> </li> 
 <li> <span>2</span> <a>Thermo Fisher stock price trades below the major daily moving averages.</a> </li> 
 <li> <span>3</span> <a>Thermo Fisher Scientific Inc. (NYSE: TMO) stock’s 52-week price range is between $475 – $609.</a> </li> 
</ul> 
<p>Thermo Fisher Scientific Inc. is a company that makes and sells various products and services for scientific research and testing. It has four main business segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services. The company was founded in 1960 and is based in Waltham, MA.</p> 
<p>The TMO stock’s dividend yield for the TTM is 0.26% and its last dividend payment was $0.35 per share. The last ex-dividend date was September 14th, 2023 and its payout ratio is 8.89%.</p> 
<p>The Thermo Fisher stock has a CMP of $504.89 and an intraday loss of 0.76%. The stock’s average volume for the last 10 days is 1.516 Million shares and its current volume is 1.271 Million. The TMO stock has a share float of 385.273 Million shares and a market cap of $194.862 Billion.</p> 
<p>Based on the recent data, the TMO stock reported an EPS of 5.15 dollars for the second quarter, missing the analysts’ estimate of 5.422 dollars by 5.02%.&nbsp;</p> 
<p>Thermo Fisher Group will announce its financial results for the third quarter of 2023 on October 25th, 2023. The next quarter’s EPS is estimated to be 5.694.</p> 
<h2 class="wp-block-heading" id="strong-tmo-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>TMO Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/2aa4CsIth-Ssymw886ja5MNS6eM7Rr0qQ0sjwChTyVGkHXTlUvrg7WF_v4WUsekxcIfYOH8a9EV2ezKhsiawWCFuP7KVOEGLPVrqPO4lFgiX8iGBREU8VKnAx8VnWDfpZDLOR3yZCYHQobPafa3J4yU" alt="TMO Stock Forecast: Will (NYSE: TMO) Bounce Back This Year?"> 
  <figcaption class="wp-element-caption">
    Source: TMO.1D.NYSE by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>Thermo Fisher (TMO) is a stock that has performed very well in the past few years, especially since March 2020 when it started a strong uptrend from $250 to $672 by the end of 2021.&nbsp;</p> 
<p>This was the highest price ever reached by the <a href="https://www.thecoinrepublic.com/2023/07/06/thermo-fisher-tmo-stock-showing-potential-trading-volume/" rel="noopener noreferrer nofollow">TMO stock</a>. However, after reaching this peak, the stock faced some selling pressure and entered a descending channel, indicating a bearish trend on the charts.</p> 
<p>The TMO stock has bounced between the upper and lower trendlines of the channel several times but has not been able to break either of them. In the last quarter, the stock showed a pattern of rising on dividend announcements and falling on earnings reports, which has repeated in previous quarters as well. This has caused the price to converge within the channel.&nbsp;</p> 
<p>Now, the stock is trading near the lower trendline and it could either break down or bounce back, depending on how it reacts to the support level. If it breaks down, it could trigger a further decline. If it bounces back, it could resume the usual pattern of rise and sell, but with a narrower range.</p> 
<p>Major moving averages are highlighting bearish views at press time. MACD is highlighting a bearish cross and RSI is also declining at 32.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Thermo Fisher Scientific Inc. (NYSE: TMO) chart indicates that the traders and investors of the TMO <a href="https://www.thecoinrepublic.com/2023/07/06/thermo-fisher-tmo-stock-showing-potential-trading-volume/" rel="noopener noreferrer nofollow">stock price</a> are bearish on the 1-D time frame. The technical analysis tools of Thermo Fisher stock price suggest bearishness and indicate that a downtrend may continue in Thermo Fisher stock price. However, the price action shows a bullish outlook if the price rebounds from support and bearish if it breaks the trendline at the time of publishing.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support levels</strong>: $498 and $485</p> 
<p><strong>Resistance levels</strong>: $515 and $534</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

TMO Stock Forecast: Will (NYSE: TMO) Bounce Back This Year?

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