TORM (TRMD, $16.54) price may drop as it broke higher Bollinger Band on Apr 25, 2025

#OilGasPipelines, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MidCap
TRMD - TORM plc
Bollinger signal
Bearish Trend
86%
Odds of DOWN Trend
Price: $16.54
Daily change: +$0.48 (+2.99%)
Daily volume: 513.6K
Capitalization: $1.5B
Industry: Oil & Gas Pipelines

This price move could be a signal that TRMD may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 49 similar cases where TRMD's price broke its higher Bollinger Band, and 42 of them led to a successful outcome. Odds of Success: 86%.