TAIWAN SEMICONDUCTOR-SP ADR (TSM) Stock Technical Analysis
NYSE:TSM - New York Stock Exchange, Inc. - US8740391003 - ADR - Currency: USD
Overall TSM 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, TSM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
TSM is part of the Semiconductors & Semiconductor Equipment industry. There are 110 other stocks in this industry. TSM outperforms 79% of them.
A new 52 week high is currently being made by TSM, 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 TSM has a been trading in the 202.28 - 237.58 range, which is quite wide. It is currently trading near the high of this range.
TSM has an average volume of 12186600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TSM is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although TSM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
148.36
237.15
5 important support areas can be observed.
- A support zone ranging from 222.72 to 223.48. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 209.50 to 209.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @190.54 from a horizontal line in the daily time frame.
- Support @156.74 from a trend line in the weekly time frame.
- A support zone ranging from 149.86 to 151.77. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for TSM is up. |
| ChartMill Relative Strength | 89.34 | POSITIVE | TSM has a high relative strength, it outperformed 89.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TSM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSM is above 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) | 75.62 | OVERBOUGHT | The high RSI value suggests TSM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests TSM has a positive trend. |
| Stochastics (14,3) | 90.61 | OVERBOUGHT | The high Stochastics value suggests TSM may be overbought. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for TSM suggests some volalility. |
| Average Directional Index/ADX (14) | 39.05 | POSITIVE | The high ADX value value for TSM 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)
234.8
+1.2 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySemiconductors & Semiconductor Equipment
Performance
% Chg0.51%
1 Week4.82%
2 Weeks9.98%
1 Month16.01%
3 Month59.95%
6 Month12.55%
12 Month27.62%
2 Year136.81%
3 Year165.37%
5 Year197.63%
10 Year961.96%
15 Year2224.75%
Volatility
ATR(14)5.37
ATR(20)%2.15%
ATR Inc41.38%
Range Today4.31
ADR(20)4.42
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.34
Mansfield1.58
10 Day High237.58
10 Day Low206.2
20 Day High237.58
20 Day Low202.28
52 Week High237.58
52 Week Low133.57
CS1 End223.48
CR1 StartN/A
Volume & EV
DER(3)1.8%
DER(5)1.49%
Volume7.78M
Volume Incr-5.07%
Vol(5)10.44M
Vol(50)12.19M