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
臺灣半導體制造有限公司有限公司（紐約證券交易所代碼：TSM）將於週四公佈其第二季度業績。華爾街預計每股收益爲1.38美元，收入爲200億美元，正如該公司在盤前公佈的那樣。
該股在過去一年中上漲了67.23％，年初至今上漲了69.12％。
讓我們來看看圖表對臺灣半導體（又名台積電）股票的顯示情況，以及該股目前與華爾街估計的對比情況。
台積電價格走勢圖在第二季度業績前看跌
臺灣半導體股票面臨適度看跌趨勢，持續的拋售壓力，這表明未來可能出現看跌走勢。
使用 Benzinga Pro 創建的圖表
股價爲174.70美元，遠低於185美元的8天均線，略低於其20天均線179.07美元，表明看跌趨勢。
但是，該股的交易價格高於其50天均線165.66美元和200天均線127.10美元，所有這些都表明中長期前景看漲信號。
使用 Benzinga Pro 創建的圖表
MACD指標爲正值，爲5.31，強化了看漲前景。RSI爲48.65，正在向下移動，這表明該股可能走向超賣狀態。
布林帶（25）區間爲164.26美元至191.12美元，股票交易處於看漲區間上方，也表明看漲情緒。總體而言，儘管短期指標顯示出看跌壓力，但長期技術指標反映了對tSM的強勁看漲支持。
另請閱讀：英偉達供應商超級微電腦股價週三下跌，發生了什麼？
台積電分析師預計上漲25％
台積電評級和共識估計：分析師對臺灣半導體股票的共識評級目前爲增持，目標股價爲172.71美元。Needham、Susquehanna和Bernstein分別於2024年7月15日、7月11日和6月20日發佈了臺灣半導體制造有限公司的最新三項分析師評級。220美元的平均目標股價意味着25.33％的上漲空間。
tSm價格走勢：週三發佈時，臺灣半導體股價下跌6.72％，至175.53美元。
照片：Shutterstock 上的雜項攝影
