| TSM latest price $90.8800 (3.67%) ($89.3600 - $91.1800) on Wed. Nov. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.02% (three month average) |
RSI | 55 |
Latest Price | $90.8800(3.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 0.3% a day on average for past five trading days. |
Weekly Trend | TSM advances 2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth 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 -1.01% 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 | -1.01% (StdDev 2.02%) |
Hourly BBV | 0.7 () |
Intraday Trend | 1.6% |
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