Taiwan Semiconductor Manufacturing Co (TSM) Weekly Technical Analysis
Taiwan Semiconductor Manufacturing Co
World's largest semiconductor foundry manufacturing advanced chips for major tech firms.
TSM Technical Analysis Summary
TSM is experiencing a short-term correction after a rejection near the 480-490 resistance zone, pushing price beneath its 20-week moving average. Key immediate downside support lies between 382 and 390, where the rising 50-week SMA and lower Bollinger Band align. For long-term investors, the macro uptrend remains dominant as moving averages maintain a healthy bullish alignment well above the 200-week SMA.
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TSM Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the 20-week moving average (428.12) following a rejection near recent highs, accompanied by RSI falling below the 50 midline to 47.86.
Long-term Sentiment (weeks to months): Bullish
The broader multi-year uptrend remains firmly intact with the 50-week SMA (382.21) trending well above the rising 200-week SMA (212.50).
Report Metadata
- Timeframe: weekly
- Generated at: Oct 30, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $386.00 | $382.00 - $390.00 | Strong | Confluence of the lower Bollinger Band (389.14) and the ascending 50-week SMA (382.21), matching prior weekly swing consolidation. |
| $340.00 | $330.00 - $350.00 | Moderate | Horizontal support established by the intermediate swing lows and consolidation zone from late 2025. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $434.50 | $428.00 - $441.00 | Moderate | Confluence of the 20-week SMA (428.12) and the current week's opening/high range. |
| $482.50 | $475.00 - $490.00 | Strong | Major swing highs and visible double-rejection zone marking the top of the multi-month advance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Top | Bearish | $320.00 | Two distinct weekly peaks near 480-490 with price currently pulling back toward the intermediate swing low/neckline zone around 390-400. |
Frequently Asked Questions about TSM
What is the current sentiment for TSM?
The short-term sentiment for TSM is currently Bearish because Price has broken below the 20-week moving average (428.12) following a rejection near recent highs, accompanied by RSI falling below the 50 midline to 47.86. The long-term trend is classified as Bullish.
What are the key support levels for TSM?
StockDips.AI has identified key support levels for TSM at $386.00 and $340.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is TSM in a significant dip or a Value Dip right now?
TSM has a Value Score of 63/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.