TSM stock forecast and price prediction

TSM stock price: $114.14 -1.42% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

1

TSM forecast brief

  • Taiwan Semiconductor closed on Monday at $114.14 after sliding a -1.42%.
  • Looking at the chart, price is drawing an scaled downtrend since last February with lower tops and lower bottoms. this downtrend marked a -19.12% loss.
  • Argus posted a strong buy rating for Taiwan Semiconductor on Tuesday, with a forecast of $150.00
  • Taiwan Semiconductor Manufacturing Company Limited manufactures and sells integrated circuits and semiconductors. It also offers customer service, account management, and engineering services.

Taiwan Semiconductor stock price forecast

Nobody knows how much a share will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

The following table shows the price predictions posted by financial institutions for the last 30 days. Again, these estimates are not direct recommendations for small traders and must not be trusted blindly.

There is just one price target available for Taiwan Semiconductor that predicts a price of $150.00.

Taiwan Semiconductor stock price predictions
Brokerage firmPrice target
Jun 21st, 2021
Morgan Stanley Not available
Jun 22nd, 2021
Argus $150.00

Analysts recommendations

In the last 30 days, 2 brokerage ratings were published for Taiwan Semiconductor

Taiwan Semiconductor analysts' ratings - Last month
Brokerage firmRating
Jun 21st, 2021
Morgan Stanley
Jun 22nd, 2021
Argus Strong buy

Earnings and financials

Shareholders call was hosted by Taiwan Semiconductor ($TSM) last April after posting the earnings report. TSM reported earnings of $0.96 per share on sales of $12.9 billion. The Wall St estimate was $0.95 per share on revenue of $12.9 billion.

Same quarter last year, reported EPS was $0.75, so recently reported EPS is a gain of 28.00%. Sales exploded a 16.68% on an annualized basis in the , from $3.1T to $3.6T last quarter.

TSM ($TSM) is posting quarterly financial report mid next July.

Taiwan Semiconductor stock: buy or sell?

Is Taiwan Semiconductor good stock to buy now?

Taiwan Semiconductor received 2 ratings in the last 30 days: 1 bullish, 0 bearish and 0 neutral.

In the current situation of Taiwan Semiconductor there is not any eligible buy setup. This doesn't mean $TSM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Is it time to sell Taiwan Semiconductor stock?

In the current situation of Taiwan Semiconductor there is not any eligible sell setup, so Taiwan Semiconductor stock holders with operations in profit can keep their positions

Price lost SMA50 level

But that positive trend could have come to an end, or be showing evidences of exhaustion, by now that the price fell below the sma50 threshold last Friday. The time above the 50-d simple moving average has been short (14 sessions) so any price falling back under that threshold indicates that there are weak signals and it can be time to sell the position if we are medium term investors or swing traders

Taiwan Semiconductor stock technical predictions

Taiwan Semiconductor continues in downtrend since last February, and has droppped a -19.12%. The stock drew 3 consecutive lower tops.

SMAs overview

TSM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $119.64 (4.82% above)
  • R2: $121.53 (6.47% above)
  • R3: $126.91 (11.19% above)
  • The current supports are:

  • S1: $107.48 (-5.83% below)
  • S2: $107.46 (-5.85% below)
  • S3: $106.57 (-6.63% below)
  • Bollinger bands

    The price is moving near to the lower Bollinger band, poiting some level of oversold in recent sessions. This is not a bullish indicator, as price can trade in these levels for many days and weeks

    TSM stock Bollinger Bands chart

    Relative strength index

    When the stays for so long below 70 and above 30, without indication of overbought and oversold, the indicator becomes of little use, and we are now in such a case.

    TSM stock RSI chart

    Taiwan Semiconductor stock price history

    Taiwan Semiconductor IPO was on Oct 9th, 1997 at $3.02 per share1. Since then, TSM stock surged by 3,679.47%, with an average of 159.98% per year. An investment of thousand dollars on Oct 1997 would worth $37,794.70 today.

    1: Adjusted price after possible price splits or reverse-splits

    TSM stock price history chart

    Important note:
    The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the individual scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative purposes only

    TSM summary

    Monday, June 21st, 2021
    Open$115.38
    Close$114.14
    Day range$113.02 - $115.4
    Previous close$115.79
    Session gain-1.42%
    Average true range$2.62
    50d mov avg$116.01
    100d mov avg$119.58
    200d mov avg$107.68
    Earnings dateJuly 15th, 2021

    Frequently asked questions

    What is Taiwan Semiconductor stock symbol?

    Taiwan Semiconductor Manufacturing Company Limited is a public company trading in the US stock market with the TSM symbol

    Will TSM go up?

    Taiwan Semiconductor had different price forecasts issued by market analysts in the last 30 days setting the target price to $150.00. That is a 31.42% than the current price ($114.14).