RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TSM
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Weaker technical forecast for Taiwan Semiconductor as stock downgraded to Strong Sell Candidate.
(Updated on Jul 19, 2024)

Sell candidate since Jul 17, 2024 Loss -3.17% PDF

The Taiwan Semiconductor stock price fell by -3.55% on the last day (Friday, 19th Jul 2024) from $171.87 to $165.77. During the last trading day the stock fluctuated 3.20% from a day low at $165.22 to a day high of $170.50. The price has been going up and down for this period, and there has been a -9.9% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 million shares and in total, 19 million shares were bought and sold for approximately $3.18 billion.

Given the current short-term trend, the stock is expected to rise 36.86% during the next 3 months and, with a 90% probability hold a price between $226.88 and $269.81 at the end of this 3-month period.

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TSM Signals & Forecast

There are few to no technical positive signals at the moment. The Taiwan Semiconductor stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $178.85 and $172.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, July 10, 2024, and so far it has fallen -13.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Taiwan Semiconductor stock

Taiwan Semiconductor finds support from accumulated volume at $162.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $5.28 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 4.22%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TSM) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Taiwan Semiconductor Manufacturing Company Ltd to open at $167.16, and during the day (based on 14 day Average True Range), to move between $158.58 and $172.96, which gives a possible trading interval of +/-$7.19 (+/-4.34%) up or down from last closing price. If Taiwan Semiconductor Manufacturing Company Ltd takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $162.92 (1.72%) than the resistance at $171.20 (3.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Taiwan Semiconductor Manufacturing Company Ltd stock A Buy?

The Taiwan Semiconductor stock holds several negative signals and despite the positive trend, we believe Taiwan Semiconductor will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.515 Strong Sell Candidate Downgraded

Predicted Opening Price for Taiwan Semiconductor Manufacturing Company Ltd of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$167.16 ( 0.84%) $165.77

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TSM

Fibonacci Support & Resistance Levels

Level Price
R3 172.44 4.03%
R2 170.43 2.81%
R1 169.18 2.06%
Price 165.77
S1 165.15 -0.376%
S2 163.90 -1.13%
S3 161.88 -2.34%

Accumulated Volume Support & Resistance Levels

Level Price
R3 179.69 8.40%
R2 171.87 3.68%
R1 171.20 3.28%
Price 165.77
S1 162.92 -1.72%
S2 157.09 -5.24%
S3 149.26 -9.96%

TSM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 12, 2024 Sep 12, 2024 Oct 09, 2024 $0.487 0.293%
2 Feb 08, 2024 Jun 13, 2024 Jul 11, 2024 $0.441 0.239%
3 Nov 15, 2023 Mar 18, 2024 Apr 11, 2024 $0.542 0.368%
4 Aug 08, 2023 Dec 14, 2023 Jun 11, 2024 $0.370 0.223%
5 May 09, 2023 Sep 14, 2023 Oct 12, 2023 $0.489 0.529%

FAQ

What is the symbol for Taiwan Semiconductor Stock and on which exchange is it traded?
The symbol for Taiwan Semiconductor is TSM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Taiwan Semiconductor Stock?
The Taiwan Semiconductor stock holds several negative signals and despite the positive trend, we believe Taiwan Semiconductor will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Taiwan Semiconductor Stock?
Taiwan Semiconductor Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Taiwan Semiconductor Stock.

What's the current price of Taiwan Semiconductor Stock?
As of the end of day on the Jul 19, 2024, the price of an Taiwan Semiconductor (TSM) share was $165.77.

What is the 52-week high and low for Taiwan Semiconductor Stock?
The 52-week high for Taiwan Semiconductor Stock is $193.47 and the 52-week low is $84.02.

What is the market capitalization of Taiwan Semiconductor Stock?
As of the Jul 19, 2024, the market capitalization of Taiwan Semiconductor is 793.013B.

When is the next earnings date for Taiwan Semiconductor?
The upcoming earnings date for Taiwan Semiconductor is Oct 17, 2024.
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About Taiwan Semiconductor Manufacturing Company Ltd

Taiwan Semiconductor Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio frequency, and embedded memory semiconductors. The company also offers customer support, acc... TSM Profile

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