Meanwhile, 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 Monday, Taiwan Semiconductor Manufacturing ADR [NYSE:TSM] saw its stock fall -2.56% to $147.86. Over the last five days, the stock has lost -5.87%. Taiwan Semiconductor Manufacturing ADR shares have fallen nearly -25.13% since the year began. Nevertheless, the stocks have risen 6.35% 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 $176.07, while 200 days put it at $183.83.
Levels Of Support And Resistance For TSM Stock
The 24-hour chart illustrates a support level at 145.71, which if violated will result in even more drops to 143.55. On the upside, there is a resistance level at 150.15. A further resistance level may holdings at 152.43. The Relative Strength Index (RSI) on the 14-day chart is 37.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.71%. Stochastics %K at 43.19% 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.
