TAIWAN SEMICONDUCTOR MANUFACTURING CO. - Weekly - Technical analysis published on 06/20/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 97.52 USD
My targets
112.54 USD (+8.42%)
121.24 USD (+16.80%)
My analysis
TAIWAN SEMICONDUCTOR MANUFACTURING CO. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 97.52 USD. The next resistance located at 112.54 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 121.24 USD. After this resistance, buyers could then target 137.73 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TAIWAN SEMICONDUCTOR MANUFACTURING CO. price is 103.80 USD. The price registered a decrease of -2.81% over 5 days and was traded between 103.07 USD and 105.75 USD over the period. The price is currently at +0.71% from its lowest point and -1.84% from its highest point.103.07
105.75
103.80
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TAIWAN SEMICONDUCTOR MANUFACTURING CO.:
Technical
A technical analysis in Weekly of this TAIWAN SEMICONDUCTOR MANUFACTURING CO. chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Weekly
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black evening star
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 59.76 | 82.25 | 97.52 | 103.80 | 104.93 | 112.54 | 121.24 |
| Change (%) | -42.43% | -20.76% | -6.05% | - | +1.09% | +8.42% | +16.80% |
| Change | -44.04 | -21.55 | -6.28 | - | +1.13 | +8.74 | +17.44 |
| Level | Major | Major | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.63 | 103.49 | 104.03 | 104.89 | 105.43 | 106.29 | 106.83 |
| Camarilla | 104.19 | 104.31 | 104.44 | 104.57 | 104.70 | 104.83 | 104.96 |
| Woodie | 102.47 | 103.41 | 103.87 | 104.81 | 105.27 | 106.21 | 106.67 |
| Fibonacci | 103.49 | 104.03 | 104.36 | 104.89 | 105.43 | 105.76 | 106.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.98 | 100.14 | 102.36 | 106.52 | 108.74 | 112.90 | 115.12 |
| Camarilla | 102.82 | 103.40 | 103.99 | 104.57 | 105.16 | 105.74 | 106.33 |
| Woodie | 95.00 | 99.66 | 101.38 | 106.04 | 107.76 | 112.42 | 114.14 |
| Fibonacci | 100.14 | 102.58 | 104.09 | 106.52 | 108.96 | 110.47 | 112.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.81 | 72.62 | 85.61 | 95.42 | 108.41 | 118.22 | 131.21 |
| Camarilla | 92.32 | 94.41 | 96.50 | 98.59 | 100.68 | 102.77 | 104.86 |
| Woodie | 64.39 | 73.42 | 87.19 | 96.22 | 109.99 | 119.02 | 132.79 |
| Fibonacci | 72.62 | 81.33 | 86.71 | 95.42 | 104.13 | 109.51 | 118.22 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.35 | |
| MACD (12,26,9): | 4.7200 | |
| Directional Movement: | 20.05 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 98.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.15 | |
| Elder Ray (13): | 8.21 | |
| Super Trend (3,10): | 85.70 | |
| Zig ZAG (10): | 103.89 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 81.95 | |
| TEMA (21): | 102.34 | |
| Williams %R (14): | -23.22 | |
| Chande Momentum Oscillator (20): | 10.82 | |
| Repulse (5,40,3): | 2.9800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5700 | |
| Courbe Coppock: | 18.72 |
| MA7: | 105.37 | |
| MA20: | 100.53 | |
| MA50: | 91.86 | |
| MA100: | 91.49 | |
| MAexp7: | 99.40 | |
| MAexp20: | 93.08 | |
| MAexp50: | 89.89 | |
| MAexp100: | 90.08 | |
| Price / MA7: | -1.49% | |
| Price / MA20: | +3.25% | |
| Price / MA50: | +13.00% | |
| Price / MA100: | +13.46% | |
| Price / MAexp7: | +4.43% | |
| Price / MAexp20: | +11.52% | |
| Price / MAexp50: | +15.47% | |
| Price / MAexp100: | +15.23% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on TAIWAN SEMICONDUCTOR MANUFACTURING CO. at the time of the analysis were as follows:
- Thinking about buying stock in Taiwan Semiconductor, Energy Transfer, General Electric, PepsiCo, or Vita Coco?
- Thinking about trading options or stock in Autodesk, Broadcom, Tesla, Taiwan Semiconductor, or STMicroelectronics?
- Thinking about trading options or stock in Microsoft, Tesla, JPMorgan, Walt Disney, or Taiwan Semiconductor?
- Thinking about buying stock in Bank of America, AMC Entertainment, Taiwan Semiconductor, Nio, or General Electric?
- Thinking about trading options or stock in Microsoft, Tesla, JPMorgan, Walt Disney, or Taiwan Semiconductor?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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