As this happened, Daiwa Securities upgraded its Taiwan Semiconductor Manufacturing ADR [TSM] rating to a Buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid July has reiterated a ‘”a Hold”‘ rating for it. Needham also remained covering TSM and reiterated its “Buy” recommendation on July 15, 2024. TD Cowen maintained its rating on April 18, 2024. It rated TSM as “a Hold”.
Price Performance Review of TSM
On Tuesday, Taiwan Semiconductor Manufacturing ADR [NYSE:TSM] saw its stock jump 0.96% to $157.33. Over the last five days, the stock has gained 11.29%. Taiwan Semiconductor Manufacturing ADR shares have fallen nearly -20.34% since the year began. Nevertheless, the stocks have risen 10.39% over the past one year. While a 52-week high of $226.40 was reached on 01/24/25, a 52-week low of $125.78 was recorded on 04/07/25. SMA at 50 days reached $179.51, while 200 days put it at $184.18.
Levels Of Support And Resistance For TSM Stock
The 24-hour chart illustrates a support level at 156.17, which if violated will result in even more drops to 155.01. On the upside, there is a resistance level at 158.37. A further resistance level may holdings at 159.41. The Relative Strength Index (RSI) on the 14-day chart is 43.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.45%. Stochastics %K at 52.17% indicates the stock is a holding.
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 2025-03-31, dropping by -2.5 million shares to a total of 31.72 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 34.21 million shares. There was a decline of -7.87%, which implies that there is a negative sentiment for the stock.
