Jul 29, 2026 at 9:01 PM
•
$374.67
(-4.50%)
Taiwan Semiconductor Manufacturing Co Ltd (TSM) slipped 4.50% to $374.67 on July 29.
Technical indicators paint a bearish picture:
Momentum
RSI at 34.1 is neutral but weakening. MACD is bearish (-10.42 vs signal -5.74).
Moving Averages
The stock trades below its 9-day EMA ($401.45) with the 21-day ($413.97) acting as overhead resistance.
Volatility
Price has pierced the lower Bollinger Band ($380.83), which often precedes a bounce.
While EMAs remain bearish, the oversold RSI reading hints at potential support around $380.83.
Key levels to watch: Support at $380.83, Resistance at $456.52.