TOWER SEMICONDUCTOR LTD (TSEM) Stock Technical Analysis
NASDAQ:TSEM - IL0010823792 - Common Stock
60 USD
+2.43 (+4.22%)
60 USD
0 (0%)
Overall TSEM gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TSEM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
TSEM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 82% of 110 stocks in the same industry.
A new 52 week high is currently being made by TSEM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month TSEM has a been trading in the 43.12 - 60.64 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TSEM has an average volume of 1012300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TSEM did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TSEM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
31.45
60.60
3 important support areas can be observed.
- A support zone ranging from 46.64 to 46.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @41.82 from a trend line in the daily time frame.
- Support @31.77 from a trend line in the weekly time frame.
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 | 90.8 | POSITIVE | TSEM has a high relative strength, it outperformed 90.8% 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) | 78.24 | OVERBOUGHT | The high RSI value suggests TSEM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests TSEM has a positive trend. |
| Stochastics (14,3) | 96.87 | OVERBOUGHT | The high Stochastics value suggests TSEM may be overbought. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for TSEM suggests some volalility. |
| Average Directional Index/ADX (14) | 26.38 | POSITIVE | The high ADX value value for TSEM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
60
+2.43 (+4.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg4.22%
1 Week19.24%
2 Weeks30.15%
1 Month25.47%
3 Month52.13%
6 Month41.18%
12 Month35.78%
2 Year102.02%
3 Year29.34%
5 Year208.33%
10 Year395.46%
15 Year189.86%
Volatility
ATR(14)2.43
ATR(20)%4.23%
ATR Inc52.36%
Range Today3.21
ADR(20)2.31
ADR(20)%3.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.8
Mansfield2.38
10 Day High60.64
10 Day Low45.51
20 Day High60.64
20 Day Low43.12
52 Week High60.64
52 Week Low28.64
CS1 End46.88
CR1 StartN/A
Volume & EV
DER(3)5.28%
DER(5)2.21%
Volume4.13M
Volume Incr104.84%
Vol(5)2.05M
Vol(50)1.01M