TOWER SEMICONDUCTOR LTD (TSEM) Technical Analysis
NASDAQ:TSEM • IL0010823792
We assign a technical rating of 8 out of 10 to TSEM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TSEM has a been trading in the 114.53 - 149.57 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that TSEM is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by TSEM over the past year are nicely spread over this period.
- TSEM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 87% of 115 stocks in the same industry.
- TSEM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TSEM is lagging the market slightly.
- TSEM has an average volume of 1900960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, TSEM also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 123.49, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
119.48
We found 1 important support area.
- A support zone ranging from 120.69 to 123.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 138.60 to 139.05. 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 | NEUTRAL | NEUTRAL | The short term trend for TSEM is neutral. |
| ChartMill Relative Strength | 96.96 | POSITIVE | TSEM has a high relative strength, it outperformed 96.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSEM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TSEM is below 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) | 45.6 | NEUTRAL | The RSI value for TSEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests TSEM has a negative trend. |
| Stochastics (14,3) | 38.57 | NEUTRAL | The Stochastics value for TSEM is a neutral value. |
| Average True Range in percent/ATR (20) | 8.12 | HIGH VOLATILITY | The high ATR as a percentage value for TSEM suggests high volalility. |
| Average Directional Index/ADX (14) | 9.94 | NEGATIVE | The low ADX value for TSEM suggests a weak or negative 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 |
|---|---|---|---|
| 127.02 | 120.68 | 6.34 (4.99%) | 20.04% |
| An entry @127.02. This is a Buy Stop order right above the 10 day moving average. | An exit @120.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.34 points, which is 4.99%. | For a 1.00% total portfolio risk, you can invest 20.04% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TSEM. Please evaluate whether better entry and exit points can be found.
- 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.
TSEM Technicals: Chart, Performance Metrics, Trend & Indicators
123.5
-2.03 (-1.62%)
TOWER SEMICONDUCTOR LTD / TSEM FAQ
What is the ChartMill technical rating of TOWER SEMICONDUCTOR LTD (TSEM) stock?
ChartMill assigns a technical rating of 8 / 10 to TSEM.
Can you provide the trend direction for TOWER SEMICONDUCTOR LTD?
The current trend direction for TOWER SEMICONDUCTOR LTD (TSEM) is Bullish.
What is the RSI signal for TOWER SEMICONDUCTOR LTD (TSEM) stock?
TOWER SEMICONDUCTOR LTD (TSEM) has an RSI value of 45.6043. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TOWER SEMICONDUCTOR LTD?
The MACD indicator for TOWER SEMICONDUCTOR LTD (TSEM) has a value of -0.77105, indicating a bearish trend.