TAIWAN SEMICONDUCTOR-SP ADR (TSM) Stock Technical Analysis
NYSE:TSM - New York Stock Exchange, Inc. - US8740391003 - ADR - Currency: USD
We assign a technical rating of 8 out of 10 to TSM. Although TSM has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, TSM did better than 79% of all other stocks. We also observe that the gains produced by TSM over the past year are nicely spread over this period.
TSM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. TSM outperforms 86% of them.
TSM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
TSM has an average volume of 16564000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TSM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TSM is lagging the market slightly.
TSM 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 192.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 191.75, a Stop Loss order could be placed below this zone.
More info and screens
148.36
196.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 189.46 to 191.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 149.86 to 152.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 192.82 to 194.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.68
Mansfield0.29
10 Day High196.22
10 Day Low173.66
20 Day High196.22
20 Day Low157.39
52 Week High226.4
52 Week Low133.57
Performance
1 Week-1.54%
2 Weeks9.87%
1 Month21.51%
3 Month-3.27%
6 Month0.88%
12 Month19.85%
2 Year94.5%
3 Year101.22%
5 Year281.01%
10 Year689.79%
15 Year1866.77%
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)
Technical Indicators
MACD(12,26,9)1.59
RSI(14)66.42
LBB167.93
UBB203.08
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 |
|---|---|---|---|
| 194.78 | 189.45 | 5.33 (2.74%) | 25.00% |
| An entry @194.78. This is a Buy Stop order right above the resistance zone. | An exit @189.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.33 points, which is 2.74%. | For a 0.68% 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 TSM. 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.
191.76
-1.69 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg-0.87%
1 Week-1.54%
2 Weeks9.87%
1 Month21.51%
3 Month-3.27%
6 Month0.88%
12 Month19.85%
2 Year94.5%
3 Year101.22%
5 Year281.01%
10 Year689.79%
15 Year1866.77%
Volatility
ATR(14)5.2
ATR(20)%2.75%
ATR Inc-31.66%
Range Today4.74
ADR(20)4.2
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.68
Mansfield0.29
10 Day High196.22
10 Day Low173.66
20 Day High196.22
20 Day Low157.39
52 Week High226.4
52 Week Low133.57
CS1 End191.75
CR1 Start192.82
Volume & EV
DER(3)1.85%
DER(5)1.66%
Volume7.38M
Volume Incr-45.2%
Vol(5)8.79M
Vol(50)16.56M