TSM stock forecast and price prediction

TSM stock price: $120.80 4.51% At close on Mar 5th, 2021

Updated on:
Mar 7th, 2021

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TSM forecast brief

  • Taiwan Semiconductor closed on Friday at $120.80 after exploding a 4.51% and broke a streak of 3 sessions in negative.
  • 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 tomorrow. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.

The following table shows the price target published by financial institutions in the last month. If you are a small investor you should not buy or sell based on these predictions.

In the previous month we couldn't find any price target posted for Taiwan Semiconductor stock.

Analysts recommendations

In the last month we couldn't find any rating for Taiwan Semiconductor

Earnings and financials

Last January, Taiwan Semiconductor Manufacturing Company Limited ($TSM) posted EPS for that matched Wall St. expectations. Quarterly EPS was $0.97 per share instead of $0.94. Reported sales were $12.7 billion, aligned with the market estimates as well.

Compared to the same quarter one year ago, EPS was $0.73, so reported EPS is a increase of 32.88%. Looking at sales, figures skyrocketed a 13.96% compared to $3.2T same quarter 12 months ago.

TSM ($TSM) is releasing Q1 financial report mid next April.

Taiwan Semiconductor stock: buy or sell?

Is $TSM stock a buy?

Taiwan Semiconductor had no ratings in the last four weeks Read the article to get additional tips on trading TSM stock.

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 green can keep their positions

Price lost SMA50 level

Since Taiwan Semiconductor crossed up the 50-d MA in September 2020 price rose a 59.44%. However, that uptrend may have ended, or be showing evidences of exhaustion, since the price dropped below the sma50 level last Wednesday. For medium-term investors who have benefited from the stock during the time the price was above the average, this flag should be a wake-up call and a trigger to sell the stock and take their gains

Taiwan Semiconductor stock price action predictions

SMAs overview

TSM stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $136.13 (12.69% above)
  • R2: $142.20 (17.72% above)
  • The current support levels are:

  • S1: $120.55 (-0.21% below)
  • S2: $113.49 (-6.05% below)
  • S3: $107.39 (-11.10% below)
  • Bollinger bands

    Since the price broke down the lower band last Thursday, the price bounced by 6.44%. The price is trading 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

    The RSI dropped below the overbought level of 70 in mid-February after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Friday was 42.83. Since then, Taiwan Semiconductor stock tanked a 13.19%

    TSM stock RSI chart

    Taiwan Semiconductor stock price history

    Taiwan Semiconductor went public priced at an adjusted price1 of $3.05 on Oct 1997. Since then, TSM stock has risen by 3,860.66%, with an average of 167.85% per year. An investment of $1,000USD at that time would worth $39,606.56 today.

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

    TSM stock price history chart

    Please read:
    The opinions contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the particular scenarios of the reader, his or her financial statements 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 Thoughts are expressed for education purposes only

    TSM summary

    Friday, March 5th, 2021
    Open$120.9
    Close$120.8
    Day range$115.38 - $121.3
    Previous close$115.59
    Session gain4.51%
    Average true range$5.83
    50d mov avg$124.37
    100d mov avg$109.17
    200d mov avg$89.33
    Earnings dateApril 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?

    There were no predictions published by market analysts in the last month for Taiwan Semiconductor.