Stand aside — setup invalidated
Setup score 84, but distribution days reach 5 or more — stand aside until the condition resets.
Simple research view
TSM · Taiwan Semiconductor Manufacturing Company Ltd.
$395.75 -2.24% Nov 04 close
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$TSM
Taiwan Semiconductor Manufacturing Company Ltd.Taiwan Semiconductor Manufacturing Company Ltd. is a mega-cap Semiconductors company in the Electronic Technology sector with a market cap of $10.5T.
Market Structure
Trend structure: uptrend
Latest event: structure_shift
(bearish)
Resistance
405.15–407.82
· 4 touches · moderate
Resistance
419.19–421.97
· 3 touches · moderate
Support
385.06–386.12
· 3 touches · moderate
Resistance
425.40–426.30
· 3 touches · moderate
Momentum Turn Watch
Bollinger Lower-Band Support
Price ($395.75) is holding just above the lower Bollinger band ($390.53; %B 7) — support at the bottom of the bands.
Early technical context only. Wait for price, volume, and the canonical setup trigger to confirm; this signal does not change readiness or the setup score.
Historical verdict · setup score 84/100 · data Nov 04 close · 1 session old
Stand aside — setup invalidated
Setup score 84, but distribution days reach 5 or more — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 1.1 Price > 150-day MA AND 200-day MA — Price $395.75, MA150 $418.79, MA200 $401.10
- Minervini 1.5 Price > 50-day MA — Price $395.75 vs MA50 $433.97
- O'Neil C: Quarterly EPS acceleration ≥ 25% — +23.4% QoQ
- O'Neil N: Near 52-week high or RS line new high — 18.8% below high | RS line new high: False
- Weinstein Price above 30-week MA (200-day proxy) — Price $395.75 vs MA200 $401.10
- Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
- Minervini: avoid Trend-template read: fails Price > 150-day MA AND 200-day MA.
- O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
- Weinstein: watch Stage-analysis read: Stage 2 is present; 3 supporting checks need improvement.
64
Neutral
Legend Score · rates the stock
Neutral (64/100) — held back by eps growth
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 82
- Trend Template (25%) 100
- Institutional Footprint (20%) 37
- EPS Growth (15%) 30
- Quality (SMR-like) (15%) 45
RS rank 81: beating most of the market. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 37: mild distribution — sellers active. EPS up +0% — growing, but below the 25% leadership bar. Quality 45: weak fundamentals (sales growth 30, return on equity 42, leverage 100). Updated 2026-10-29.
Earnings
Normal technical setup
No sourced report date
Event risk is not modelled for this symbol
Deterministic evidence
TSM-2.24%
Semiconductor proxy · SMH-2.75%
Broad market · SPY+1.65%
Session internals Weak
Rule: closed flat-to-down and in the bottom third of the range. Judged on internals, not on the size of the move.
Vs prior close-2.24%
From the open-1.26%
Range position22%
GapNo gap
QQQ confirmationDiverging (+0.97%)
SMH confirmationConfirming (-2.75%)
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$266.82
Tight Wks
0
Base
B3
SMA 200
$401.10
RS Line vs High
-11.0%
RS Line Slope
-5.3% ▼
ADR%
2.9%
ATR(14)
$14.21 (3.6%)
Vol Pace (live)
N/A
A/D Days
9A / 12D
A/D Rating
E
VDU Bars
0/10 d
Congress
1 trade
TSM Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$TSM · $395.75 · as of 2026-11-04 · multi-factor read
19
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▼ Downtrend
Weekly
▬ Sideways / consolidating
Monthly
▼ Downtrend
Moving Averages
50-day$433.97 ↓
100-day$429.07 ↓
200-day$401.10 ↓
Bullish (50 > 200)
RSI (14)
Reading36.4 · Bearish
Bearish momentum — sellers in control.
MACD (12/26/9)
StateBearish
Histogram-3.608
Bearish — MACD below its signal line and below zero. Histogram contracting.
Bollinger Bands (20,2)
%B / Width7% · 16.5%
Near the lower band — under pressure or oversold.
Volume · Buyer vs Seller
Up/Down vol0.55 · Distribution
Rel volume1.35×
Pocket pivots · 10d0
5d vs 50d vol131%
Heavy vol up / down0 / 5
Distribution — volume is concentrated on down days; sellers dominate. Recent volume is expanding versus its baseline.
- 5 heavy-volume down days vs 0 up in the last 20 sessions — supply is showing.
Support & Resistance
R · $414.50swing level
R · $421.97swing level
R · $429.64swing level
Price · $395.75now
S · $385.54swing level
S · $372.72swing level
S · $360.55swing level
Fibonacci · Uptrend swing
23.6%$460.39
38.2%$443.64
50.0%$430.10
61.8%$416.55
78.6% ◄ price here$397.28
Retracement support zones measured from the recent swing low up to the high.
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Daily downtrendMonthly downtrendBelow 200-day MA50/200 bullishVolume distributionRS 81 (leader)
Want this read in a legend's voice?
Ask a Legend about TSM
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (84/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
5 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Avoid
C
Trend-template read: fails Price > 150-day MA AND 200-day MA.
partialRule check says AVOID (7/11 checks passed) — Trend-template read: fails Price > 150-day MA AND 200-day MA.
Passing evidence
1.2 150-day MA > 200-day MAMA150 $418.79 vs MA200 $401.10
1.4 50-day MA > 150-day MA AND 200-day MAMA50 $433.97, MA150 $418.79, MA200 $401.10
Failing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $395.75, MA150 $418.79, MA200 $401.10
1.5 Price > 50-day MAPrice $395.75 vs MA50 $433.97
O'Neil
Avoid
D
CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 81
A: Annual earnings & revenue qualityRev +31.4% | ROE 39.9%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%+23.4% QoQ
N: Near 52-week high or RS line new high18.8% below high | RS line new high: False
Weinstein
Watch
C
Stage-analysis read: Stage 2 is present; 3 supporting checks need improvement.
mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
30-week MA trending upwardFrom weekly scan context
Failing evidence
Price above 30-week MA (200-day proxy)Price $395.75 vs MA200 $401.10
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
dennis
Avoid
C
Turtle read: price broke below the 20-day channel. The long system has no signal here.
Passing evidence
Volatility-unit sizing (1N ≈ 1% of equity)1N = $13.38 (3.38% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Pyramid plan: adds at 0.5N, max 4 unitsAdd levels $402.44, $409.13, $415.83
Failing evidence
No breakdown below the 20-day channel20-day low $398.29
S1: 20-day Donchian breakoutNot confirmed
zanger
Avoid
D
Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $455.11-$474.90; trail the rest
Trail on the 10/20-day MA10-day MA $416.87 · 20-day MA $425.58 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlyTrend Only is not one of Zanger's six
Breakout volume 1.5-2.0x averageNot confirmed
zweig
Watch
B
Zweig read: part of his screen passes but not all: Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
EPS growth above the market (≥15% QoQ)+23.4% QoQ — Zweig wants growth above the S&P average
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 27.8x — no PEG or forward P/E stored
Failing evidence
Insider buyingNo insider buying flagged
9-to-1 up/down volume daysNo 9-to-1 volume day in the last ~3 months — no thrust signal either way
Livermore
Watch
B
Pivotal-point read: 5/6 structural checks pass; awaiting volume confirmation.
Passing evidence
Price$395.75
Relative strengthRS 81
Failing evidence
Pivotal point cleared on expanding volumeNot confirmed
Darvas
Watch
B
Box-theory read: 5/6 structural checks pass; awaiting volume confirmation.
partialConsolidating within the box (9.8% from 52W high) — patience until it approaches the prior high.
Passing evidence
Price$395.75
Relative strengthRS 81
Failing evidence
Box top broken on heavy volumeNot confirmed
Wyckoff
Watch
B
Supply-and-demand read: 5/6 structural checks pass; awaiting volume confirmation.
Passing evidence
Price$395.75
Relative strengthRS 81
Failing evidence
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▼ Falling
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +4
Fundamentals & leadership quality — Minervini’s published criteria · 5/7 met
B
5/7 criteria
Separate score from the Minervini Trend Template (6/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
+23%
Revenue growth ≥20% YoY
+31%
Gross margin ≥30%
64%
ROE ≥17%
40%
RS rating ≥80 (leadership)
81
Stage 2 uptrend (Weinstein)
Stage 1
Within 25% of 52W high
-18.8%
Method Playbook
Trade it like Weinstein
EXACT LEVELS · PRO
Weinstein C · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro levelPublished-method rule: Use Stage 1 resistance and the rising 30-week moving average as the Stage 2 transition boundary.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Require a Stage 2 breakout above resistance on expanding volume; avoid entries while the 30-week average is flat or falling.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Start below the breakout structure or Stage 1 support where a return to the base invalidates the Stage 2 transition.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Trail beneath rising 30-week support or later higher swing lows while Stage 2 remains intact.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit on a decisive 30-week support failure or a Stage 3/Stage 4 transition; never treat a failed Stage 2 break as healthy consolidation.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Pattern Analysis (historical)
84
setup score
RS Score
81
Trend template
6/8
Why This Setup?
Trend Only · schematic
Gatekeeper 8/8 | Strong trend (8/8) | Top RS (81) | Stage 2
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
1/7
universals met
- Risk is defined — not met No stop — undefined risk
- A relative-strength leader — partly met RS rank 61 — middling
- Asymmetric reward — partly met No target set
- Clear of earnings — partly met Report date unknown
- Not chasing (in range) — partly met Pivot distance unknown
- Volume confirms — partly met 0.8× average — light
- In a confirmed uptrend — met Stage 1 · Trend template 6/8
Minervini Trend Template
6/8Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$395.75 vs SMA150 $418.79 / SMA200 $401.10
SMA 150 above SMA 200
SMA150 $418.79 vs SMA200 $401.10
SMA 200 trending up
Slope +10.98 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $433.97
Price above SMA 50
$395.75 vs SMA50 $433.97
30%+ above 52-week low
+48.3% from $266.82
Within 25% of 52-week high
-18.8% from $487.47
RS score above 70
RS 81
Fundamentals
52W Range
58%
Mkt Cap SEC
10.5T
EPS QoQ
+23%
Rev YoY
+31%
ROE
40%
Gross Margin
64%
D/E
0.20
EPS TTM
$87.38
P/E TTM
4.5x
Float
25.9B
Insider
No Buy
Company
Company profile
Taiwan Semiconductor Manufacturing Company Ltd.
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
7/8
W. RS
72
W. Support
$372.72
W. Resist
$487.47
Weekly Structure
Trend
Neutral
Tight Weeks
0
Confirmation
Neutral
Scan History
Oct 29
Trend Only
✓ Gate
84
Oct 28
Record Volume
✓ Gate
83
-10.0%
Oct 28
Record Volume
✓ Gate
82
-10.0%
Oct 28
Record Volume
55
-10.0%
Oct 27
Record Volume
55
-9.4%
Oct 14
Inverse Head & Shoulders
✓ Gate
87
-8.0%
Latest News
Headlines for TSMLoading headlines…
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