TAIWAN SEMICONDUCTOR-SP ADR (TSM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TSM - US8740391003 - ADR
We assign a technical rating of 8 out of 10 to TSM. In the last year, TSM was one of the better performers, but we do observe some doubts in the very recent evolution.
TSM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 300.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 283.05, a Stop Loss order could be placed below this zone.
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148.36
4 important support areas can be observed.
- A support zone ranging from 275.05 to 283.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @260.83 from a trend line in the daily time frame.
- Support @159.79 from a trend line in the weekly time frame.
- Support @149.86 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 300.44 to 305.10. 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 TSM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSM is neutral. |
| ChartMill Relative Strength | 91.95 | POSITIVE | TSM has a high relative strength, it outperformed 91.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TSM is above a declining 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) | 53.85 | NEUTRAL | The RSI value for TSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests TSM has a positive trend. |
| Stochastics (14,3) | 72.24 | NEUTRAL | The Stochastics value for TSM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for TSM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.7 | NEGATIVE | The low ADX value for TSM suggests a weak or negative 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 |
|---|---|---|---|
| 305.11 | 275.04 | 30.07 (9.86%) | 10.15% |
| An entry @305.11. This is a Buy Stop order right above the resistance zone. | An exit @275.04. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 30.07 points, which is 9.86%. | For a 1.00% total portfolio risk, you can invest 10.15% of your capital in this trade. |
- 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.
291.51
+1.55 (+0.53%)
TAIWAN SEMICONDUCTOR-SP ADR / TSM FAQ
What is the technical rating for TSM stock?
ChartMill assigns a technical rating of 8 / 10 to TSM.
What is the trend direction for TSM stock?
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 53.8491. This indicates that the stock is currently neutral.
What is the MACD signal for TAIWAN SEMICONDUCTOR-SP ADR (TSM) stock?
The MACD indicator for TAIWAN SEMICONDUCTOR-SP ADR (TSM) has a value of 0.16924, indicating a bearish trend.
What are the support and resistance levels for TAIWAN SEMICONDUCTOR-SP ADR (TSM) stock?
TAIWAN SEMICONDUCTOR-SP ADR (TSM) has a support level at 283.05 and a resistance level at 300.44. Check the full technical report for our detailed analysis of TSM support and resistance levels.