Barchart.com's Chart of the Day - Taiwan Semiconductor
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 TSM - Taiwan Semiconductor Manufacturing
SymLastChgPct
TSM54.94+0.54+0.99%

The Barchart Chart of the Day belongs to the semiconductor manufacturing company Taiwan Semiconductor Manufacturing (TSM). I found the stock by using Barchart's powerful screening tools to find stocks with the highest Weighted Alpha and technical buy signals then sorted that list by the most frequent number of new highs in the last month. I then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 9/4 the stock gained 14.73%.

Taiwan Semiconductor Manufacturer Co is the world's largest dedicated integrated circuit foundry. As a foundry, the Company manufactures ICs for its customers based on their proprietary IC designs using its advanced production processes. TSMC's goal is to establish itself as one of the world's leading semiconductor companies by building upon the strengths that have made it the leading IC foundry in the world.

TSM

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 37.04+ Weighted Alpha
  • 27.56% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 13 new highs and up 12.32% in the last month
  • Relative Strength Index 74.48%
  • Technical support level at 48.48
  • Recently traded at 49.42 with a 50 day moving average of 43.84

Fundamental factors:

  • Market Cap $254 billion
  • P/E 24.59
  • Dividend yield 2.07%
  • Revenue expected to grow 11.60% next year
  • Earnings estimated to increase 22.90% next year and continue to compound at an annual rate of 8.50% for the next 5 years
  • Wall Street analysts issued 1 strong buy and 5 hold recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 1,470 to 49 that the stock will beat the market
  • 37,614 investors are monitoring the stock on Seeking Alpha