Investors Gripe About Taiwan Semiconductor Manufacturing Company Limited (TSM), YRC Worldwide Inc. (YRCW)

A look at its monthly performance shows that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has recorded a -0.25% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -11.36% and is now down by -0.81% since start of this year. The equity price rose 4.69% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price dipped by -6.96% over the past three months which led to its overall six-month decrease to stand at -1.88%.

The shares of Taiwan Semiconductor Manufacturing Company Limited (TSM) dropped by -21.39% or -$9.96 from its last recorded high of $46.57 which it attained on January 23 to close at $36.61 per share. Over the past 52 weeks, the shares of Taiwan Semiconductor Manufacturing Company Limited has been trading as low as $34.21 before witnessing a massive surge by 7.02% or $2.4. This price movement has led to the TSM stock receiving more attention and has become one to watch out for. It jumped by 0.52% on Sunday and this got the market excited. The stock’s beta now stands at 1.06 and when compared to its 200-day moving average and its 50-day moving average, TSM price stands -7.49% below and -0.92% below respectively. Its average daily volatility for this week is 1.86% which is less than the 2.25% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Taiwan Semiconductor Manufacturing Company Limited with most of them predicting a $44.15 price target on a short-term (12 months) basis. The average price target by the analysts will see a 20.6% rise in the stock and would lead to TSM’s market cap to surge to $219.43B. The stock has been rated an average 2, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 4 analysts that track Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and find out that 1 of them rated it as a Hold. 3 of the 3 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at TSM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.61 point. Its trading volume has lost -2620755 shares compared to readings over the past three months as it recently exchanged 7209245 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 9830000 shares, and this is 0.73 times the normal volume.

The price of YRC Worldwide Inc. (NASDAQ:YRCW) currently stands at $5.25 after it went up by $0.92 or 21.25% and has found a strong support at $4.69 a share. If the YRCW price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $4.13 mark would also be bad for the stock as it means that the stock would plunge by 21.33% from its current position. However, if the stock price is able to trade above the resistance point around $5.55, then it could likely surge higher to try and break the upward resistance which stands at $5.85 a share. Its average daily volatility over the past one month stands at 13.14%. The stock has plunged by 15.62% from its 52-weeks high of $4.43 which it reached on Jan. 24, 2018. In general, it is 54.1% above its 52-weeks lowest point which stands at $2.41 and this setback was observed on Dec. 26, 2018.

Analysts view YRC Worldwide Inc. (NASDAQ:YRCW) as a Hold, with 2.7 consensus rating. Reuters surveyed 6 analysts that follow YRCW and found that 4 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying YRC Worldwide Inc. (YRCW) shares or sell it if they already own it.