TSM Taiwan Semiconductor Manufacturing Company Ltd Chart, History Price & Graph

Key Takeaways

• Strong Uptrend: TSM maintains a robust bullish trend, with shares trading well above key moving averages including the 50-day SMA at 381.86 and 200-day SMA at 355.97.
• Momentum Indicators Bullish: RSI(14) at 66.39 signals buy, while MACD(12,26) at 6.81 confirms upward momentum.
• Key Support Levels: Immediate support near 390 (former resistance), followed by 381 and 365-370 zones; resistance around 405 and recent highs.
• Recent Price Action: Up over 20% in the last 30 days with breakout from a base pattern, supported by above-average volume.

Trend Analysis

Taiwan Semiconductor Manufacturing Company (TSM) exhibits a clear long-term uptrend, characterized by higher highs and higher lows within a rising channel. Over the past quarter, shares have surged approximately 25% year-to-date, reflecting sustained bullish momentum amid sector strength. The price has recently broken out from a well-defined consolidation base, holding above the 20- and 50-day EMAs, which reinforces the uptrend structure. Short-term pullbacks have found support at key zones like 361-366, preventing any structural breakdown.

Moving Averages

All major moving averages align bullishly for TSM. The 5-day SMA stands at 403.55, 20-day at 397.86, 50-day at 381.86, 100-day at 375.61, and 200-day at 355.97, with the current price significantly above each. This golden cross configuration, including the 10-day MA crossing above the 50-day earlier in April, signals continued trend strength. Exponential moving averages further support this, with the 50-day EMA at 387.15 providing dynamic support.

Momentum Indicators

Momentum remains positive, with RSI(14) at 66.39 indicating buy territory without entering overbought extremes. MACD(12,26) at 6.81 shows a bullish crossover, with the histogram expanding upward. Stochastic indicators are elevated, with %K around 77 in overbought zones across multiple periods, suggesting strong buying pressure but potential for minor consolidation. Overall, oscillators lean buy, supporting the prevailing uptrend.

Support and Resistance Levels

Traders eye 390 as pivotal support after the recent breakout above this former resistance level. Additional supports cluster at 381.3, 368.87, and 365-370 demand zones. Pivot points highlight near-term S1 at 402.12 and R1 at 403.75, with R3 at 405.38 acting as overhead resistance near recent highs around 392-405. A hold above 390 favors bulls, while breaches could test lower supports.

Volume and Market Activity

Trading volume has exceeded 20-day averages of around 13-14 million shares, accompanying the recent rally and breakout. Elevated volatility, with 20-day historic volatility near 43%, underscores the dynamic price swings, yet directional bias remains upward with positive +DI dominating.

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Technical Outlook and Key Levels to Watch

Looking ahead, TSM traders monitor a hold above 390 for uptrend continuation toward 405 resistance and beyond. A dip testing 381 or 370 supports could offer buying opportunities if volume sustains. Watch RSI for divergence, MACD histogram strength, and Stochastic for overbought relief. Breakouts above pivots signal acceleration, while volume confirmation remains essential for any directional moves.

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