Oct 16, 2026 at 9:02 PM
•
$412.61
(-2.29%)
Taiwan Semiconductor Manufacturing Co Ltd (TSM) slipped 2.29% to $412.61 on October 16.
Key indicators suggest a bearish bias:
Moving Averages
Bearish EMA structure persists with price below the 9-day ($438.72) and 21-day ($444.03).
Momentum
RSI at 34.7 is neutral but weakening. MACD is bearish (-1.11 vs signal 5.72).
Volatility
Price has pierced the lower Bollinger Band ($417.44), which often precedes a bounce.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $417.44.
Key levels to watch: Support at $417.44, Resistance at $487.49.