| TSM latest price $115.6100 (2.52%) ($112.5500 - $116.3900) on Wed. Jan. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.96% (three month average) |
RSI | 79 |
Latest Price | $115.6100(2.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 1.8% a day on average for past five trading days. |
Weekly Trend | TSM advances 3.5% 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(68%) VT(65%) VUG(65%) VWO(61%) XLY(57%) |
Factors Impacting TSM price | TSM will decline at least -0.98% in a week (0% probabilities). VIXM(-45%) UUP(-30%) VXX(-16%) TBT(-1%) IGOV(-0%) |
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 | -0.98% (StdDev 1.96%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.7% |
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