We assign a technical rating of 10 out of 10 to TSEM. 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.
TSEM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 120.61, a Stop Loss order could be placed below this zone.
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101.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 119.37 to 120.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @117.33 from a horizontal line in the daily time frame.
- Support @102.04 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 121.74 to 122.47. 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 | 97 | POSITIVE | TSEM has a high relative strength, it outperformed 97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSEM is above a declining 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) | 57.11 | NEUTRAL | The RSI value for TSEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.98 | NEGATIVE | The MACD value suggests TSEM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.59 | NEUTRAL | The Stochastics value for TSEM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for TSEM suggests high volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for TSEM suggests a possible start of a new 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 |
|---|---|---|---|
| 122.48 | 119.36 | 3.12 (2.55%) | 25.00% |
| An entry @122.48. This is a Buy Stop order right above the resistance zone. | An exit @119.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.12 points, which is 2.55%. | For a 0.64% total portfolio risk, you can invest 25.00% 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.
121.3
+1.27 (+1.06%)
TOWER SEMICONDUCTOR LTD / TSEM FAQ
What is the ChartMill technical rating of TOWER SEMICONDUCTOR LTD (TSEM) stock?
ChartMill assigns a technical rating of 10 / 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 57.1147. 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 -0.981443, indicating a bearish trend.
Can you provide the buy/sell signal for TOWER SEMICONDUCTOR LTD?
The buy/sell signal for TOWER SEMICONDUCTOR LTD (TSEM) is buy as both the short term and long term trends are positive.