TOWER SEMICONDUCTOR LTD (TSEM) Stock Technical Analysis
NASDAQ:TSEM - Nasdaq - IL0010823792 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to TSEM. In the last year, TSEM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, TSEM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 45.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TSEM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 41.24 to 42.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.58 from a trend line in the daily time frame.
- Support @31.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.87 to 46.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TSEM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TSEM is up. |
| ChartMill Relative Strength | 78.74 | POSITIVE | TSEM has a high relative strength, it outperformed 78.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSEM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.97 | NEUTRAL | The RSI value for TSEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests TSEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.32 | NEUTRAL | The Stochastics value for TSEM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for TSEM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.42 | POSITIVE | The high ADX value value for TSEM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.42 | 42.07 | 4.35 (9.37%) | 10.67% |
| An entry @46.42. This is a Buy Stop order right above the resistance zone. | An exit @42.07. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.35 points, which is 9.37%. | When investing 10.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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+0.7 (+1.57%)