| TSM latest price $89.0300 (-2.6%) ($88.9400 - $92.4800) on Mon. Nov. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.99% (three month average) |
RSI | 51 |
Latest Price | $89.0300(-2.6%) |
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 1.3% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support TSM advance at 0% a week (0% probability) XLK(67%) VT(64%) VUG(64%) VWO(60%) XLY(57%) |
Factors Impacting TSM price | TSM will decline at least -0.995% in a week (0% probabilities). VIXM(-43%) UUP(-30%) VXX(-16%) EDOC(-5%) TBT(-1%) |
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 | -0.995% (StdDev 1.99%) |
Hourly BBV | -1.6 () |
Intraday Trend | -3.4% |
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