Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) is announcing its second-quarter earnings on Thursday. Wall Street expects $1.38 in EPS and $20 billion in revenues as the company reports before market hours.
The stock is up 67.23% over the past year, +69.12% YTD.
Let's look at what the charts indicate for Taiwan Semiconductor (aka TSMC) stock, and how the stock currently maps against Wall Street estimates.
TSMC Price Charts Bearish Ahead Of Q2 Earnings
Taiwan Semiconductor stock faces a moderately bearish trend with ongoing selling pressure, indicating potential future bearish movement.
Chart created using Benzinga Pro
The share price stands at $174.70, quite below the 8-day SMA of $185 and slightly below its 20-day SMA of $179.07, signaling a bearish trend.
However, the stock is trading above its 50-day SMA of $165.66 and 200-day SMA of $127.10, all indicating bullish signals for medium to long-term prospects.
Chart created using Benzinga Pro
The MACD indicator is positive at 5.31, reinforcing a bullish outlook. The RSI is at 48.65 and treading downwards, suggesting the stock is likely heading towards oversold conditions.
The Bollinger Bands (25) ranges of $164.26-$191.12, with the stock trading in the upper bullish band, indicating bullish sentiment as well. Overall, while short-term indicators show bearish pressure, the longer-term technicals reflect strong bullish support for TSM.
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TSMC Analysts See 25% Upside
TSMC Ratings & Consensus Estimates: The consensus analyst rating on Taiwan Semiconductor stock stands at an Overweight currently with a price target of $172.71. The three most recent analyst ratings for Taiwan Semiconductor Manufacturing Co Ltd were released by Needham, Susquehanna and Bernstein on July 15, July 11, and June 20, 2024, respectively. The average price target of $220 implies a 25.33% upside.
TSM Price Action: Taiwan Semiconductor's stock was trading down 6.72% at $175.53 at the time of publication Wednesday.
Photo: Sundry Photography on Shutterstock
台积电（纽交所：TSM）将于周四发布其第二季度财报。华尔街预计每股收益为1.38美元，营收为200亿美元，公司将在市场开盘前发布财报。
过去一年里股价上涨了67.23％，今年以来上涨了69.12％。
让我们来看看台积电(TSMC)股票的图表所示的内容，以及该股票当前与华尔街的预期相比的情况。
TSMC股票价格图表看起来看淡Q2财报。
台积电股票面临着适度的看淡趋势和持续的抛压，这表明未来可能会有看淡的动向。
使用Benzinga Pro创建的图表
股票价格为174.70美元，明显低于8天的简单移动平均线(8-day SMA)($185)，略低于20天的简单移动平均线(20-day SMA)($179.07)，标志着看淡的趋势。
然而，该股票交易价格高于其50天简单移动平均线($165.66)和200天简单移动平均线($127.10)，这都表明了中长期的积极信号。
使用Benzinga Pro创建的图表
MACD指标为正数5.31，加强了看涨的前景。RSI指标为48.65，且正在向下走，这表明该股票可能正在走向超卖状态。
布林带(Bollinger Bands)(25)区间为$164.26-$191.12，该股票交易在上行趋势的布林带之上，也表明看涨情绪。总体来看，虽然短期指标显示着看淡压力，但长期技术指标反映了支撑台积电的强劲看涨支持。
阅读也可：英伟达供应商超微电脑股票周三下跌，发生了什么？
台积电分析师们看到了25％的上涨空间
台积电评级和共识预期：目前台积电股票的平均分析师评级为超配(Overweight)，目标股价为172.71美元。中国台湾地区制造业-半导体(Taiwan Semiconductor Manufacturing Co Ltd)的最近三个分析师评级于2024年7月15日、7月11日和6月20日由Needham、Susquehanna和Bernstein发布。平均目标价为220美元，意味着上涨25.33％。
台积电(TSM)股票周三的交易价格为175.53美元，下跌了6.72％。
图片来自Shutterstock。
