TAIWAN SEMICONDUCTOR MANUFACTURING CO. - 1H - Technical analysis published on 07/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 169.73 USD
My targets
156.83 USD (-1.86%)
148.73 USD (-6.93%)
My analysis
The bearish trend is currently very strong for TAIWAN SEMICONDUCTOR MANUFACTURING CO.. As long as the price remains below the resistance at 169.73 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 156.83 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 148.73 USD as an objective. Crossing it would then enable sellers to target 137.30 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8
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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 159.80 USD. On the day, this instrument lost -5.90% with the lowest point at 159.59 USD and the highest point at 165.45 USD. The deviation from the price is +0.13% for the low point and -3.41% for the high point.159.59
165.45
159.80
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.:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of TAIWAN SEMICONDUCTOR MANUFACTURING CO. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 107.07 | 137.30 | 148.73 | 159.80 | 170.39 | 176.82 | 184.86 |
| Change (%) | -33.00% | -14.08% | -6.93% | - | +6.63% | +10.65% | +15.68% |
| Change | -52.73 | -22.50 | -11.07 | - | +10.59 | +17.02 | +25.06 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | 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 | 151.92 | 155.75 | 157.78 | 161.61 | 163.64 | 167.47 | 169.50 |
| Camarilla | 158.19 | 158.73 | 159.26 | 159.80 | 160.34 | 160.87 | 161.41 |
| Woodie | 151.01 | 155.30 | 156.87 | 161.16 | 162.73 | 167.02 | 168.59 |
| Fibonacci | 155.75 | 157.99 | 159.38 | 161.61 | 163.85 | 165.24 | 167.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 131.28 | 147.90 | 156.83 | 173.45 | 182.38 | 199.00 | 207.93 |
| Camarilla | 158.74 | 161.09 | 163.43 | 165.77 | 168.11 | 170.45 | 172.80 |
| Woodie | 127.45 | 145.98 | 153.00 | 171.53 | 178.55 | 197.08 | 204.10 |
| Fibonacci | 147.90 | 157.66 | 163.69 | 173.45 | 183.21 | 189.24 | 199.00 |
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): | 24.51 | |
| MACD (12,26,9): | -2.8200 | |
| Directional Movement: | -21.28 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 162.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.92 | |
| Elder Ray (13): | -3.51 | |
| Super Trend (3,10): | 167.07 | |
| Zig ZAG (10): | 159.73 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 4.24 | |
| TEMA (21): | 161.66 | |
| Williams %R (14): | -98.83 | |
| Chande Momentum Oscillator (20): | -9.33 | |
| Repulse (5,40,3): | -2.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 7.45 |
| MA7: | 170.55 | |
| MA20: | 177.26 | |
| MA50: | 167.72 | |
| MA100: | 153.38 | |
| MAexp7: | 162.34 | |
| MAexp20: | 165.68 | |
| MAexp50: | 170.49 | |
| MAexp100: | 173.78 | |
| Price / MA7: | -6.30% | |
| Price / MA20: | -9.85% | |
| Price / MA50: | -4.72% | |
| Price / MA100: | +4.19% | |
| Price / MAexp7: | -1.61% | |
| Price / MAexp20: | -3.59% | |
| Price / MAexp50: | -6.31% | |
| Price / MAexp100: | -8.08% |
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.
About author
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