TSM +5.17% Breaks Out to New Highs
$Taiwan Semiconductor Manufacturing(TSM)$
TSM Soared +5.17%: AI Powerhouse Hits All-Time High, $320+ Momentum Confirmed
Latest Close Data:
Closed at $319.61, a robust +5.17% gain. The price is now just $1.98 shy of its new 52-week high of $321.59.
Core Market Drivers:
Sustained massive capital inflows into AI and advanced computing sectors continue to drive demand for TSMC's leading-edge foundry capacity.
The stock's surge is fueled by strong institutional confidence and positive forward guidance on next-generation chip demand.
Technical Analysis:
Volume surged with a Volume Ratio of 3.36, confirming the breakout strength.
MACD (DIF: 4.29, DEA: 2.14, MACD: 4.29) shows a strong bullish acceleration with the histogram expanding.
RSI(6) at 82.19 indicates overbought conditions in the short term, suggesting potential for a brief consolidation before further upside.
Key Price Levels:
Primary Support: $311.70 (Today's Low)
Strong Resistance: $321.59 (52-Week/All-Time High)
Immediate Pivot: $319.61 (Today's Close) - Holding above this level is key for continued bullish momentum.
Valuation Perspective:
Forward P/E of 25.62 is above its historical average of 22.70, reflecting a premium valuation justified by its dominant market position and critical role in the AI supply chain.
Analyst Targets:
Consensus remains overwhelmingly bullish. 17 analysts have an average price target of $347.73, with 18 recommending Strong Buy/Buy and only 1 Hold.
Weekly Outlook:
xpect consolidation near the $320 resistance in the coming sessions. A decisive break above $321.59 could open the path toward the $330-$335 range. Initial pullback support is seen around $311-$315.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Past performance is not indicative of future results. Trading involves risk, including the potential loss of principal. Please conduct your own research.
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