| TSM latest price $68.5300 (1.06%) ($68.0300 - $68.9000) on Wed. Jul. 22, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.02% (three month average) |
RSI | 83 |
Latest Price | $68.5300(1.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 0.7% a day on average for past five trading days. |
Weekly Trend | TSM advances 5.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(59%) XLY(56%) |
Factors Impacting TSM price | TSM will decline at least -1.01% in a week (0% probabilities). VIXM(-40%) UUP(-30%) VXX(-16%) XLC(-3%) IYT(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.01% (StdDev 2.02%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.6% |
| |
|
|