Taiwan Semiconductor: Sell signal in its 4th week
Taiwan Semiconductor stock: +3.9% this week, the bounce stalls at the Kumo ceiling
Taiwan Semiconductor: Sell signal in its 4th week
Our view last week
After last week's unconvincing rebound, Taiwan Semiconductor stock barely moves this week, +0.2%, boxed into a tight range between the 399 and 421 areas. Sellers still control the daily tape and distribution stays heavy, but signal strength drops to 2 out of 100: the decline is losing steam without reversing. The Sell signal, now in its third week, stays under observation.
This week's summary
Taiwan Semiconductor stock rebounds 3.9% this week, helped by a bounce off the daily 20-day moving average: the price still stays boxed between the daily Kumo floor just above and the pivot point just below. The Sell signal is in its 4th week and signal strength drops to 2 out of 100, the mark of a decline that has lost its own momentum. Technical analysis of the stock still flags it as high risk under our model.
IQS Phase
67
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#114 / 122
US stocks sell signals
Trade P&L %
-5.44%
from signal to date, no stop loss
Rank position
ranks 114th among the 122 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein positive regime
Performanceweekly +7.20% · monthly +3.62%
TSM belongs to the growth tech sector (reference ETF XLK). The sector is classified in positive regime according to our weekly reading.
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