TAIWAN SEMICONDUCTOR-SP ADR (TSM) Stock Technical Analysis
USA - NYSE:TSM - US8740391003 - ADR
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.
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
We found 5 important support areas.
- A support zone ranging from 286.49 to 286.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 270.16 to 272.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @253.51 from a trend line in the daily time frame.
- Support @158.64 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 297.10 to 305.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 88.59 | POSITIVE | TSM has a high relative strength, it outperformed 88.59% 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 | 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) | 45.96 | NEUTRAL | The RSI value for TSM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.64 | NEGATIVE | The MACD value suggests TSM has a negative trend. |
| Stochastics (14,3) | 27.72 | NEUTRAL | The Stochastics value for TSM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for TSM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.1 | NEUTRAL | The ADX value for TSM suggests a possible start of a new trend. |
286.5
-2.74 (-0.95%)
TAIWAN SEMICONDUCTOR-SP ADR / TSM FAQ
What is the technical rating for TSM stock?
ChartMill assigns a technical rating of 9 / 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 45.9623. 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 -2.64402, 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 286.49 and a resistance level at 297.1. Check the full technical report for our detailed analysis of TSM support and resistance levels.