TAIWAN SEMICONDUCTOR-SP ADR (TSM) Stock Technical Analysis
NYSE:TSM • US8740391003
Taking everything into account, TSM scores 10 out of 10 in our technical rating. 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 and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TSM is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, TSM also shows a nice and consistent pattern of rising prices.
- TSM is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 72% of 114 stocks in the same industry.
- TSM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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 12996300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TSM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
148.36
We found 5 important support areas.
- Support @344.03 from a trend line in the daily time frame.
- A support zone ranging from 325.73 to 335.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @305.45 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.
We found 1 important resistance area.
- A resistance zone ranging from 370.55 to 374.10. 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 | UP | POSITIVE | The short term trend for TSM is up. |
| ChartMill Relative Strength | 94.25 | POSITIVE | TSM has a high relative strength, it outperformed 94.25% 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) | 65.35 | NEUTRAL | The RSI value for TSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests TSM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.65 | NEUTRAL | The Stochastics value for TSM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for TSM suggests some volalility. |
| Average Directional Index/ADX (14) | 16.66 | 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 |
|---|---|---|---|
| 374.11 | 344.02 | 30.09 (8.04%) | 12.43% |
| An entry @374.11. This is a Buy Stop order right above the resistance zone. | An exit @344.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 30.09 points, which is 8.04%. | When investing 12.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
370.04
-0.5 (-0.13%)
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 65.3524. 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 0.616653, 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 344.03 and a resistance level at 370.55. Check the full technical report for our detailed analysis of TSM support and resistance levels.