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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Red day on Wednesday for Taiwan Semiconductor
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 08, 2024 Gain 33.70% PDF

The Taiwan Semiconductor stock price fell by -1.55% on the last day (Wednesday, 27th Mar 2024) from $138.84 to $136.69. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.06% from a day low at $135.15 to a day high of $139.28. The price has fallen in 7 of the last 10 days and is down by -3.83% for this period. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 million shares were bought and sold for approximately $1.88 billion.

Given the current short-term trend, the stock is expected to rise 40.57% during the next 3 months and, with a 90% probability hold a price between $192.14 and $224.60 at the end of this 3-month period.

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TSM Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -8.38%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Taiwan Semiconductor stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $138.20. On a fall, the stock will find some support from the long-term average at approximately $134.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Taiwan Semiconductor stock

Taiwan Semiconductor finds support from accumulated volume at $133.73 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 $4.13 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 2.12%.

Our recommended stop-loss: $130.72 (-4.37%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (TSM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Taiwan Semiconductor Manufacturing Company Ltd to open at $137.04, and during the day (based on 14 day Average True Range), to move between $132.21 and $141.17, which gives a possible trading interval of +/-$4.48 (+/-3.28%) 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 6.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $139.02 (1.70%) than the support at $133.73 (2.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Taiwan Semiconductor Manufacturing Company Ltd stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.124 Buy Candidate Unchanged

Predicted Opening Price for Taiwan Semiconductor Manufacturing Company Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$137.04 ( 0.256%) $136.69

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
Resistance R3 141.17 3.28 %
R2 139.59 2.12 %
R1 138.62 1.41 %
Current price: 136.69
Support S1 135.46 -0.90 %
S2 134.49 -1.61 %
S3 132.91 -2.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 149.20 9.15 %
R2 146.37 7.08 %
R1 139.02 1.70 %
Current price 136.69
Support S1 133.73 -2.17%
S2 114.20 -16.45%
S3 113.03 -17.31%

TSM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Jun 13, 2024 Jul 11, 2024 $0.441 0.322%
2 Nov 15, 2023 Mar 18, 2024 Apr 11, 2024 $0.542 0.396%
3 Aug 08, 2023 Dec 14, 2023 Jun 11, 2024 $0.370 0.271%
4 May 09, 2023 Sep 14, 2023 Oct 12, 2023 $0.489 0.529%
5 Feb 14, 2023 Jun 15, 2023 Oct 12, 2023 $0.448 0.485%

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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

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 2024-03-27, the price of an Taiwan Semiconductor (TSM) share was $136.69.

What is the 52-week high and low for Taiwan Semiconductor Stock?
The 52-week high for Taiwan Semiconductor Stock is $158.40 and the 52-week low is $81.21.

What is the market capitalization of Taiwan Semiconductor Stock?
As of the 2024-03-27, the market capitalization of Taiwan Semiconductor is 630.618B.

When is the next earnings date for Taiwan Semiconductor?
The upcoming earnings date for Taiwan Semiconductor is Apr 18, 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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