Taiwan Semiconductor Technical Analysis (NYSE:TSM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Taiwan Semiconductor stock price data and volume are plotted in TSM stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Taiwan Semiconductor. The technical analysis form of Taiwan Semiconductor stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Taiwan Semiconductor Moving Average
Moving averages show the TSM stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Taiwan Semiconductor are mostly signals of long term trends and will help long term traders.
Taiwan Semiconductor Bollinger Bands
Bollinger bands comprise of a center line usually TSM SMA, and two TSM stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $38.42 is in the lower range of Taiwan Semiconductor bollinger bands.
Taiwan Semiconductor Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Taiwan Semiconductor MACD indicator can be used to identify bullish and bearish trends for the stock.
Taiwan Semiconductor Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 49.77 is the RSI value of TSM stock.