| TSM latest price $85.4100 (-2.56%) ($85.0600 - $87.3200) on Tue. Oct. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.49% (three month average) |
RSI | 29 |
Latest Price | $85.4100(-2.56%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | TSM advances 0.3% a day on average for past five trading days. |
Weekly Trend | TSM declines -1.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support TSM advance at 0% a week (0% probability) SMH(87%) QQQ(75%) SPY(71%) XLK(71%) FIVG(70%) |
Factors Impacting TSM price | TSM will decline at least -0.745% in a week (0% probabilities). VXX(-50%) VIXM(-45%) UUP(-23%) EDOC(-20%) TBT(-15%) |
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 | -0.745% (StdDev 1.49%) |
Hourly BBV | -2.2 () |
Intraday Trend | -1.8% |
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