| TSM latest price $80.5200 (-1.36%) ($80.2200 - $82.1000) on Thu. Aug. 6, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.02% (three month average) |
RSI | 71 |
Latest Price | $80.5200(-1.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 0.2% a day on average for past five trading days. |
Weekly Trend | TSM advances 8.2% 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(66%) VT(64%) VUG(64%) VWO(61%) XLY(57%) |
Factors Impacting TSM price | TSM will decline at least -1.51% in a week (0% probabilities). VIXM(-42%) UUP(-30%) VXX(-16%) IGOV(-5%) XLC(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.51% (StdDev 3.02%) |
Hourly BBV | -0.2 () |
Intraday Trend | -1.8% |
| |
|
|