Taiwan Semiconductor Rebuilds Its RS Rating

On Thursday, Taiwan Semiconductor (TSM) received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.

TSM stock has moved more than 5% past an 84.10 entry in a third-stage flat base, meaning it’s now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

Looking For The Best Stocks To Buy And Watch? Start Here

Over 100 years of market history shows that the best stocks often have an RS Rating of over 80 as they begin their largest climbs. See if Taiwan Semiconductor can continue to show renewed price strength and clear that threshold.

Earnings growth dropped last quarter from 31% to 28%, but sales rose from 21% to 24%.

Taiwan Semiconductor earns the No. 13 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. Qorvo (QRVO) and CTS (CTS) are also among the group’s highest-rated stocks.


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