Tower Semiconductor Ltd (TSEM): Price Now Near $29.34; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for TSEM

Currently, TSEM (Get Ratings)’s price is up $0.06 (0.2%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Of note is that the 20 and 50 hour changed directions on TSEM; they are now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Electronic Equipment stocks, TSEM ranks 37th in regards to today’s price percentage change.

TSEM’s Technical Outlook on the Daily Chart

At the time of this writing, TSEM’s price is up $0.16 (0.56%) from the day prior. The daily chart shows that TSEM has seen 2 straight up days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Tower Semiconductor Ltd’s price action over the past 90 days can be seen via the chart below.

TSEM

<

TSEM: Daily RSI Analysis

  • For TSEM, its RSI is now at 88.3132.
  • TSEM and RSI both have consistent trends, as they are both heading down.

For TSEM News Traders

News traders keeping an eye on TSEM may find value in this recent story:

Tower Semiconductor Announces Breakthrough LiDAR Technology for Advanced Driver-Assistance Systems

Utilizing Tower’s advanced SiPho technology platform, innovation provides a compact solid-state electronically scanning LiDAR solution with superb performance Newport Beach, CA, September 13, 2021 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry for high-value analog semiconductor solutions, today announced a breakthrough development of LiDAR IC technology designed for advanced driver-assistance systems (ADAS) and ultimately self-driving cars. The new, innovative IC designed by res

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market