| TSM latest price $51.7400 (1.81%) ($50.7500 - $51.7400) on Wed. May. 27, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.91% (three month average) |
RSI | 49 |
Latest Price | $51.7400(1.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 0.4% a day on average for past five trading days. |
Weekly Trend | TSM declines -1.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TSM advance at 0% a week (0% probability) XLK(64%) VT(62%) VUG(62%) VWO(60%) XLY(56%) |
Factors Impacting TSM price | TSM will decline at least -1.955% in a week (0% probabilities). VIXM(-41%) UUP(-31%) VXX(-17%) TLT(-1%) XLC(-0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.955% (StdDev 3.91%) |
Hourly BBV | 1.2 () |
Intraday Trend | 1.4% |
| |
|
|