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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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Taiwan Semiconductor stock upgraded to Strong Buy Candidate.
(Updated on Dec 08, 2023)


Buy or Hold candidate since Nov 02, 2023 Gain 10.91% PDF
The Taiwan Semiconductor stock price gained 1.0675798166985% on the last trading day (Friday, 8th Dec 2023), rising from $99.29 to $100.35. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.44% from a day low at $98.95 to a day high of $100.37. The price has risen in 6 of the last 10 days and is up by 2.58% over the past 2 weeks. Volume fell on the last day by -410 thousand shares and in total, 9 million shares were bought and sold for approximately $925.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $100.18, a level that may pose a second chance to hit a runner. According to fan-theory $108.35 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

TSM Signals & Forecast

The Taiwan Semiconductor stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $98.15 and $94.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, October 27, 2023, and so far it has risen 16.70%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for Taiwan Semiconductor stock

Taiwan Semiconductor finds support from accumulated volume at $97.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.43 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.52%.

Our recommended stop-loss: $96.90 (-3.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (TSM) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Taiwan Semiconductor Manufacturing Company Ltd to open at $99.89, and during the day (based on 14 day Average True Range), to move between $98.46 and $102.24, which gives a possible trading interval of +/-$1.89 (+/-1.88%) 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 3.77% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $97.44, some $2.91 (2.90%) from the current price of $100.35, our system finds the risk reward attractive.

Is Taiwan Semiconductor Manufacturing Company Ltd stock A Buy?

Taiwan Semiconductor holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.035 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for Taiwan Semiconductor Manufacturing Company Ltd of Monday, December 11, 2023

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

Fair opening price December 11, 2023 Current price
$99.89 $100.35 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 101.31 0.96 %
R2 100.77 0.418 %
R1 100.43 0.0824 %
Current price: 100.35
Support S1 99.34 -1.00 %
S2 99.01 -1.34 %
S3 98.46 -1.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 100.35
Support S1 97.44 -2.90%
S2 92.91 -7.41%
S3 90.48 -9.84%
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?
Taiwan Semiconductor holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy 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 2023-12-08, the price of an Taiwan Semiconductor (TSM) share was $100.35.

What is the 52-week high and low for Taiwan Semiconductor Stock?
The 52-week high for Taiwan Semiconductor Stock is $110.69 and the 52-week low is $72.84.

What is the market capitalization of Taiwan Semiconductor Stock?
As of the 2023-12-08, the market capitalization of Taiwan Semiconductor is 520.457B.

When is the next earnings date for Taiwan Semiconductor?
The upcoming earnings date for Taiwan Semiconductor is 2024-01-11 23:00:00.

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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

TSM Dividend Data

1.96%

Dividend Yield (TTM)
Payout Ratio (TTM) 34.22%
Next Ex-Dividend Date Dec 14, 2023
Next Payment Date Jun 11, 2024
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