TAIWAN SEMICONDUCTOR MANUFACTURING CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	TSM
ISIN:

TAIWAN SEMICONDUCTOR MANUFACTURING CO. - Daily - Technical analysis published on 06/13/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

TAIWAN SEMICONDUCTOR MANUFACTURING CO. - Daily

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 159.50 USD

My targets

175.37 USD (+1.42%)

190.46 USD (+10.15%)

My analysis

The bullish trend is currently very strong on TAIWAN SEMICONDUCTOR MANUFACTURING CO.. As long as the price remains above the support at 159.50 USD, you could try to benefit from the boom. The first bullish objective is located at 175.37 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 190.46 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 172.91 USD. The price is lower by -0.04% since the last closing with the lowest point at 170.51 USD and the highest point at 174.07 USD. The deviation from the price is +1.41% for the low point and -0.67% for the high point.

170.51

174.07

172.91

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of TAIWAN SEMICONDUCTOR MANUFACTURING CO. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	127.27	137.30	159.50	172.91
Change (%)	-26.40%	-20.59%	-7.76%	-
Change	-45.64	-35.61	-13.41	-
Level	Intermediate	Major	Major	-

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	167.36	168.94	170.92	172.50	174.48	176.06	178.04
Camarilla	171.93	172.26	172.58	172.91	173.24	173.56	173.89
Woodie	167.57	169.04	171.13	172.60	174.69	176.16	178.25
Fibonacci	168.94	170.30	171.14	172.50	173.86	174.70	176.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	139.32	144.92	154.40	160.00	169.48	175.08	184.56
Camarilla	159.73	161.12	162.50	163.88	165.26	166.65	168.03
Woodie	141.26	145.89	156.34	160.97	171.42	176.05	186.50
Fibonacci	144.92	150.68	154.24	160.00	165.76	169.32	175.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	107.99	120.39	135.48	147.88	162.97	175.37	190.46
Camarilla	143.01	145.53	148.05	150.57	153.09	155.61	158.13
Woodie	109.34	121.06	136.83	148.55	164.32	176.04	191.81
Fibonacci	120.39	130.89	137.38	147.88	158.38	164.87	175.37

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	71.23
MACD (12,26,9):	6.3800
Directional Movement:	28.13
AROON (14):	57.15
DEMA (21):	167.13
Parabolic SAR (0,02-0,02-0,2):	154.74
Elder Ray (13):	9.65
Super Trend (3,10):	156.67
Zig ZAG (10):	172.91
VORTEX (21):	1.0700
Stochastique (14,3,5):	87.04
TEMA (21):	169.80
Williams %R (14):	-9.23
Chande Momentum Oscillator (20):	14.00
Repulse (5,40,3):	0.5600
ROCnROLL:	1
TRIX (15,9):	0.5000
Courbe Coppock:	14.72

MA7:	166.58
MA20:	158.46
MA50:	147.47
MA100:	139.00
MAexp7:	166.72
MAexp20:	159.20
MAexp50:	149.86
MAexp100:	139.19
Price / MA7:	+3.80%
Price / MA20:	+9.12%
Price / MA50:	+17.25%
Price / MA100:	+24.40%
Price / MAexp7:	+3.71%
Price / MAexp20:	+8.61%
Price / MAexp50:	+15.38%
Price / MAexp100:	+24.23%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on TAIWAN SEMICONDUCTOR MANUFACTURING CO.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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