| TSM latest price $78.8900 (-1.3%) ($77.5100 - $79.7700) on Fri. Jul. 31, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.04% (three month average) |
RSI | 71 |
Latest Price | $78.8900(-1.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 1.3% a day on average for past five trading days. |
Weekly Trend | TSM advances 10.8% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TSM advance at 0% a week (0% probability) XLK(64%) VT(63%) VUG(62%) VWO(60%) XLY(56%) |
Factors Impacting TSM price | TSM will decline at least -1.52% in a week (0% probabilities). VIXM(-41%) UUP(-30%) VXX(-16%) XLC(-3%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.52% (StdDev 3.04%) |
Hourly BBV | -1 () |
Intraday Trend | -0.9% |
| |
|
|