TECH - Taiwan Semiconductor Charts Show Mixed Signals As Q2 Earnings Loom: What To Expect | Benzinga
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 ...