The picture is mixed — the stock is oscillating around its key levels without committing in either direction. The market hasn't made up its mind. The stock is lagging the S&P 500, meaning investors would have earned better returns simply owning the index. The first area where sustained buying would suggest the trend is firming up is near the 50-day average at $435. The level to watch is the 200-day average at $400 — reclaiming it with conviction would confirm the trend is improving. Risk state is elevated: ATR 3.0% · 1Y DD 22% · 5 dist days · 16 gaps.
About Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides various wafer fabrication processes, such as processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also involved in providing customer and engineering support services; manufacturing of masks; investment in technology start-up companies; research, designing, developing, manufacturing, packaging, testing, and sale of color filters; and investment activities. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
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$TSM
Taiwan Semiconductor Manufacturing Company Limited