Londinia Opportunities Analyses - 05/02/2024 (GMT) TOWER SEMICONDUCTOR - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	TSEM
ISIN:	IL0010823792

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 32.39 USD

My targets

33.15 USD (+1.53%)

34.09 USD (+4.41%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TOWER SEMICONDUCTOR as long as the price remains well above 32.39 USD. The buyers' bullish objective is set at 33.15 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.09 USD. If there is any crossing, the next objective would be the resistance located at 34.48 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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.

Additional analysis

Quotes

The TOWER SEMICONDUCTOR price is 32.65 USD. The price has increased by +1.05% since the last closing with the lowest point at 32.00 USD and the highest point at 32.85 USD. The deviation from the price is +2.03% for the low point and -0.61% for the high point.

32.00

32.85

32.65

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by TOWER SEMICONDUCTOR:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this TOWER SEMICONDUCTOR chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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 bullish, suggesting that the price increase should continue.
Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

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

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

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	30.98	31.77	32.39	32.65	33.15	34.09	34.48
Change (%)	-5.11%	-2.70%	-0.80%	-	+1.53%	+4.41%	+5.60%
Change	-1.67	-0.88	-0.26	-	+0.50	+1.44	+1.83
Level	Major	Minor	Intermediate	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.31	31.04	31.68	32.41	33.05	33.78	34.42
Camarilla	31.93	32.06	32.18	32.31	32.44	32.56	32.69
Woodie	30.26	31.02	31.63	32.39	33.00	33.76	34.37
Fibonacci	31.04	31.57	31.89	32.41	32.94	33.26	33.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.08	30.61	31.48	32.01	32.88	33.41	34.28
Camarilla	31.98	32.10	32.23	32.36	32.49	32.62	32.75
Woodie	30.26	30.70	31.66	32.10	33.06	33.50	34.46
Fibonacci	30.61	31.14	31.47	32.01	32.54	32.87	33.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.02	28.88	30.87	32.73	34.72	36.58	38.57
Camarilla	31.80	32.15	32.51	32.86	33.21	33.57	33.92
Woodie	27.09	28.91	30.94	32.76	34.79	36.61	38.64
Fibonacci	28.88	30.35	31.26	32.73	34.20	35.11	36.58

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):	57.21
MACD (12,26,9):	0.0700
Directional Movement:	7.76
AROON (14):	-14.28
DEMA (21):	32.61
Parabolic SAR (0,02-0,02-0,2):	31.78
Elder Ray (13):	0.21
Super Trend (3,10):	32.96
Zig ZAG (10):	32.76
VORTEX (21):	1.0100
Stochastique (14,3,5):	63.14
TEMA (21):	32.55
Williams %R (14):	-32.85
Chande Momentum Oscillator (20):	-0.18
Repulse (5,40,3):	0.3300
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.14

MA7:	32.39
MA20:	32.32
MA50:	32.57
MA100:	31.27
MAexp7:	32.56
MAexp20:	32.50
MAexp50:	32.32
MAexp100:	32.24
Price / MA7:	+0.80%
Price / MA20:	+1.02%
Price / MA50:	+0.25%
Price / MA100:	+4.41%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.46%
Price / MAexp50:	+1.02%
Price / MAexp100:	+1.27%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on TOWER SEMICONDUCTOR at the time of the analysis were as follows: