Meanwhile, TD Cowen reiterated its Taiwan Semiconductor Manufacturing ADR [TSM] rating to a Hold in a research note published on July 18, 2024; the price target was $170. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering TSM and reiterated its “Hold” recommendation on April 18, 2024. Daiwa Securities revised its rating on April 18, 2024. It rated TSM as “an Outperform” which previously was an “a Buy”.
Price Performance Review of TSM
On Tuesday, Taiwan Semiconductor Manufacturing ADR [NYSE:TSM] saw its stock fall -3.90% to $211.42. Over the last five days, the stock has gained 5.50%. Taiwan Semiconductor Manufacturing ADR shares have risen nearly 7.05% since the year began. Nevertheless, the stocks have risen 112.25% over the past one year. While a 52-week high of $222.20 was reached on 01/06/25, a 52-week low of $99.98 was recorded on 01/02/25. SMA at 50 days reached $196.24, while 200 days put it at $171.91.
Levels Of Support And Resistance For TSM Stock
The 24-hour chart illustrates a support level at 208.00, which if violated will result in even more drops to 204.58. On the upside, there is a resistance level at 218.16. A further resistance level may holdings at 224.90. The Relative Strength Index (RSI) on the 14-day chart is 58.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.67%. Stochastics %K at 85.32% indicates the stock is a selling.
How much short interest is there in Taiwan Semiconductor Manufacturing ADR?
A steep rise in short interest was recorded in Taiwan Semiconductor Manufacturing ADR stocks on 2024-12-13, dropping by -5.39 million shares to a total of 25.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 30.84 million shares. There was a decline of -21.17%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 10, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $168.
