TSM - Taiwan Semiconductor Manufacturing Company Ltd

Industry: Semiconductor - Integrated Circuits Sector: Technology Exchange: NYSE

TSM - Taiwan Semiconductor Manufacturing Company Ltd

Industry: Semiconductor - Integrated Circuits Sector: Technology Exchange: NYSE

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 0.49%
PRICE $40.91





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Taiwan Semiconductor Manufacturing Company Ltd Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-08-14
Shorts 2.49% ( 2018-07-31 )
Cash 16 714.6 mill
Loans 4 822.4 mill
Beta 1.06
ROA 17.81

Taiwan Semiconductor Manufacturing Company Ltd gained 0.49% in the last trading day, rising from $40.71 to $40.91 The price has been going up and down for this period, and there has been a -0.73% loss for the last 2 weeks. Volume fell in the last day by -1.37 million shares, and in total, 5.33 million shares bought and sold for approximately $218.22 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.


Taiwan Semiconductor Manufacturing Company Ltd lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.71% during the next 3 months and, with 90% probability hold a price between $38.80 and $44.52 at the end of this period.

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Only positive signals in the chart today. Taiwan Semiconductor Manufacturing Company Ltd holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $41.25. On a fall, the stock will find some support from the long-term average at approximately $39.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday August 13, 2018, which indicates further gains 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 may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Taiwan Semiconductor Manufacturing Company Ltd finds support from accumulated volume at $40.73.

Support: $40.73 Price: $40.91 Resistance: $41.07


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.32 (0.78%) between high and low. For the last week, the stock has had a daily average volatility of 1.11%.

Our recommended stoploss: $38.61 (-5.61%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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TSM $40.91 $0.20(0.49%)
TSM is up $0.20 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for TSM based on the 1-3 month system that more than doubles the S&P 500.

Click here – the TSM analysis is free »

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