TAIWAN SEMICONDUCTOR MANUFACTURING CO. - 15 min. - Technical analysis published on 07/05/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 180.95 USD
My targets
185.56 USD (+0.58%)
188.64 USD (+2.25%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TAIWAN SEMICONDUCTOR MANUFACTURING CO. as long as the price remains well above 180.95 USD. The buyers' bullish objective is set at 185.56 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 188.64 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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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 184.49 USD. On the day, this instrument gained +1.10% with the lowest point at 182.30 USD and the highest point at 184.79 USD. The deviation from the price is +1.20% for the low point and -0.16% for the high point.182.30
184.79
184.49
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a 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 15 min. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
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 resistance
Type : Bearish
Timeframe : 15 minutes
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 170.42 | 176.82 | 179.69 | 184.49 | 184.86 |
| Change (%) | -7.63% | -4.16% | -2.60% | - | +0.20% |
| Change | -14.07 | -7.67 | -4.80 | - | +0.37 |
| Level | Major | Minor | Intermediate | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 174.81 | 176.34 | 179.42 | 180.95 | 184.03 | 185.56 | 188.64 |
| Camarilla | 181.22 | 181.65 | 182.07 | 182.49 | 182.91 | 183.34 | 183.76 |
| Woodie | 175.58 | 176.73 | 180.19 | 181.34 | 184.80 | 185.95 | 189.41 |
| Fibonacci | 176.34 | 178.10 | 179.19 | 180.95 | 182.71 | 183.80 | 185.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.65 | 162.88 | 168.35 | 172.58 | 178.05 | 182.28 | 187.75 |
| Camarilla | 171.14 | 172.03 | 172.92 | 173.81 | 174.70 | 175.59 | 176.48 |
| Woodie | 159.26 | 163.19 | 168.96 | 172.89 | 178.66 | 182.59 | 188.36 |
| Fibonacci | 162.88 | 166.59 | 168.88 | 172.58 | 176.29 | 178.58 | 182.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.26 | 135.39 | 154.60 | 169.73 | 188.94 | 204.07 | 223.28 |
| Camarilla | 164.37 | 167.51 | 170.66 | 173.81 | 176.96 | 180.11 | 183.25 |
| Woodie | 122.30 | 136.41 | 156.64 | 170.75 | 190.98 | 205.09 | 225.32 |
| Fibonacci | 135.39 | 148.51 | 156.61 | 169.73 | 182.85 | 190.95 | 204.07 |
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): | 70.24 | |
| MACD (12,26,9): | 1.6900 | |
| Directional Movement: | 22.93 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 184.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 182.03 | |
| Elder Ray (13): | 0.87 | |
| Super Trend (3,10): | 181.27 | |
| Zig ZAG (10): | 183.88 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 77.39 | |
| TEMA (21): | 184.71 | |
| Williams %R (14): | -23.24 | |
| Chande Momentum Oscillator (20): | 2.94 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 2.92 |
| MA7: | 176.00 | |
| MA20: | 172.74 | |
| MA50: | 157.67 | |
| MA100: | 146.87 | |
| MAexp7: | 183.76 | |
| MAexp20: | 182.23 | |
| MAexp50: | 179.27 | |
| MAexp100: | 176.93 | |
| Price / MA7: | +4.82% | |
| Price / MA20: | +6.80% | |
| Price / MA50: | +17.01% | |
| Price / MA100: | +25.61% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +2.93% | |
| Price / MAexp100: | +4.30% |
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 trading options or stock in Amazon.com, Super Micro Computer, Taiwan Semiconductor, Microsoft, or Intel?
- Thinking about trading options or stock in Apple, Pfizer, Taiwan Semiconductor, Microsoft, or Novo Nordisk?
- Thinking about trading options or stock in Tesla, Taiwan Semiconductor, Microsoft, Marathon Digital, or Gitlab?
- Thinking about trading options or stock in Taiwan Semiconductor, Microsoft, Tesla, Meta, or Qualcomm?
- Thinking about trading options or stock in Taiwan Semiconductor, Molson Coors Beverage, Arista Networks, Crowdstrike Holdings, or Apple?
This member declared not having a position on this financial instrument or a related financial instrument.
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