| TSM latest price $58.6200 (3.17%) ($57.9500 - $59.0700) on Thu. Jul. 2, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.25% (three month average) |
RSI | 66 |
Latest Price | $58.6200(3.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 0.6% a day on average for past five trading days. |
Weekly Trend | TSM advances 0.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal 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 -1.125% in a week (0% probabilities). VIXM(-40%) UUP(-31%) VXX(-16%) XLC(-2%) TLT(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.125% (StdDev 2.25%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.2% |
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