TAIWAN SEMICONDUCTOR MANUFACTURING CO.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	TSM
ISIN:

TAIWAN SEMICONDUCTOR MANUFACTURING CO. - Daily - Technical analysis published on 07/05/2024 (GMT)

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Timeframe : Daily
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TAIWAN SEMICONDUCTOR MANUFACTURING CO. - Daily

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 179.69 USD

My targets

188.94 USD (+2.60%)

204.07 USD (+10.82%)

My analysis

The bullish trend is currently very strong on TAIWAN SEMICONDUCTOR MANUFACTURING CO.. As long as the price remains above the support at 179.69 USD, you could try to benefit from the boom. The first bullish objective is located at 188.94 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 204.07 USD as an objective. Crossing it would then enable buyers to target 223.28 USD. 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.

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

8.4

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

TAIWAN SEMICONDUCTOR MANUFACTURING CO. rating 184.15 USD. On the day, this instrument gained +0.91% with the lowest point at 182.30 USD and the highest point at 184.84 USD. The deviation from the price is +1.01% for the low point and -0.37% for the high point.

182.30

184.84

184.15

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

Here is a more detailed summary of the historical variations registered by TAIWAN SEMICONDUCTOR MANUFACTURING CO.:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in Daily of this TAIWAN SEMICONDUCTOR MANUFACTURING CO. chart shows a strongly 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.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	137.30	148.73	179.69	184.15
Change (%)	-25.44%	-19.23%	-2.42%	-
Change	-46.85	-35.42	-4.46	-
Level	Major	Intermediate	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	69.85
MACD (12,26,9):	6.0200
Directional Movement:	22.50
AROON (14):	-21.43
DEMA (21):	179.86
Parabolic SAR (0,02-0,02-0,2):	167.12
Elder Ray (13):	8.76
Super Trend (3,10):	167.84
Zig ZAG (10):	184.07
VORTEX (21):	1.1000
Stochastique (14,3,5):	76.87
TEMA (21):	180.55
Williams %R (14):	-4.74
Chande Momentum Oscillator (20):	6.80
Repulse (5,40,3):	3.1100
ROCnROLL:	1
TRIX (15,9):	0.5400
Courbe Coppock:	8.73

MA7:	176.02
MA20:	172.75
MA50:	157.67
MA100:	146.87
MAexp7:	177.71
MAexp20:	171.76
MAexp50:	160.79
MAexp100:	147.94
Price / MA7:	+4.62%
Price / MA20:	+6.60%
Price / MA50:	+16.79%
Price / MA100:	+25.38%
Price / MAexp7:	+3.62%
Price / MAexp20:	+7.21%
Price / MAexp50:	+14.53%
Price / MAexp100:	+24.48%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on TAIWAN SEMICONDUCTOR MANUFACTURING CO. at the time of the generation of this analysis was as follows:

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

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