TAIWAN SEMICONDUCTOR-SP ADR (TSM) Technical Analysis
NYSE:TSM • US8740391003
Overall TSM gets a technical rating of 10 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, TSM is showing a nice and steady performance.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, TSM did better than 92% 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 one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 73% of 115 stocks in the same industry.
- TSM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TSM is performing more or less in line with the market.
- TSM has an average volume of 13088900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TSM has a been trading in the 322.10 - 390.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TSM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
148.36
When analyzing the support we can see 4 important areas.
- A support zone ranging from 333.36 to 338.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @311.28 from a trend line in the daily time frame.
- Support @280.66 from a horizontal line in the daily time frame.
- Support @149.86 from a horizontal 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 TSM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSM is neutral. |
| ChartMill Relative Strength | 92.96 | POSITIVE | TSM has a high relative strength, it outperformed 92.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TSM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TSM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TSM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.95 | NEUTRAL | The RSI value for TSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.87 | NEGATIVE | The MACD value suggests TSM has a negative trend. |
| Stochastics (14,3) | 25.89 | NEUTRAL | The Stochastics value for TSM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for TSM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for TSM suggests a weak or negative trend. |
TSM Technicals: Chart, Performance Metrics, Trend & Indicators
338.89
-14.97 (-4.23%)
TAIWAN SEMICONDUCTOR-SP ADR / TSM FAQ
Can you provide the ChartMill technical rating for TAIWAN SEMICONDUCTOR-SP ADR?
ChartMill assigns a technical rating of 10 / 10 to TSM.
Can you provide the trend direction for TAIWAN SEMICONDUCTOR-SP ADR?
The current trend direction for TAIWAN SEMICONDUCTOR-SP ADR (TSM) is Bullish.
What is the RSI signal for TSM stock?
TAIWAN SEMICONDUCTOR-SP ADR (TSM) has an RSI value of 40.9537. This indicates that the stock is currently neutral.
What is the MACD signal for TSM stock?
The MACD indicator for TAIWAN SEMICONDUCTOR-SP ADR (TSM) has a value of -4.87144, indicating a bearish trend.
Can you provide the support and resistance levels for TAIWAN SEMICONDUCTOR-SP ADR?
TAIWAN SEMICONDUCTOR-SP ADR (TSM) has a support level at 338.88. Check the full technical report for our detailed analysis of TSM support and resistance levels.