Technical Report
Taiwan Semiconductor Manufacturing Co. – TSM – AI Score: 92.10%
TSMC (NYSE: TSM) is trading near $239, consolidating after a sharp rally from April’s low around $180. The stock has maintained strength above its medium-term support levels but is encountering resistance as momentum cools following a multi-month advance.
From a trend perspective, TSM remains constructive. It trades above the 50-day ($233.54) and 200-day ($200.35) SMAs, while the 20-day SMA ($237.42) is providing immediate near-term support. This alignment reflects a sustained bullish structure, with the 50-day SMA holding comfortably above the 200-day, reinforcing long-term uptrend strength. The recent pullback from the July highs around $250 has so far respected trendline support, suggesting consolidation rather than breakdown.
Momentum indicators show a balanced but cautious outlook. The RSI sits at 51.85, firmly in neutral territory, indicating neither overbought nor oversold conditions. This suggests the stock is digesting gains without extreme pressure in either direction. Meanwhile, the MACD line (0.2464) is modestly above the signal line (1.13), but the histogram remains negative (–0.8865), reflecting slowing bullish momentum and potential indecision. A crossover back into positive territory would strengthen the bull case.
Structurally, TSM has been consolidating just under $240–$245 resistance, with multiple failed attempts to break above $250. The longer-term chart shows a rising channel, and the current setup appears to be a mid-trend pause. Volume during the pullback has been moderate, indicating limited distribution and supporting the consolidation thesis.
Key upside levels to watch are $245 and $250; a breakout above $250 with volume could open the door toward $265–$270. On the downside, first support lies near $233 (50-day SMA), with stronger support at $220—aligned with the June breakout zone. A breakdown below $220 would be a warning signal for a deeper retracement toward the 200-day SMA at $200.
TSMC remains technically healthy, consolidating after a strong run. The alignment of moving averages favors continuation higher if resistance is cleared, though momentum indicators suggest patience is required until a decisive breakout confirms renewed upside.
Micron Technology – MU – AI Score: 91.27%
Micron (NASDAQ: MU) is trading around $117, consolidating after retreating from July’s high near $130. The stock remains above key long-term support levels, but momentum indicators suggest mixed sentiment as it attempts to stabilize in the mid-$110s.
From a trend perspective, MU is in a constructive position. The stock trades above its 200-day SMA ($100.08), confirming that the longer-term uptrend is intact. Near-term, MU sits between its 20-day ($116.96) and 50-day ($118.23) SMAs, with the 20-day providing immediate support while the 50-day acts as resistance. This tight clustering of moving averages reflects consolidation and indecision following a strong spring rally.
Momentum signals show a cautious stance. The RSI stands at 50.57, balanced between overbought and oversold levels, indicating neutral momentum after July’s pullback. The MACD line (0.8689) is above the signal line (1.25) but still lingers near the zero axis, with the histogram slightly negative (–0.3822). This reflects fading bullish momentum and the possibility of continued sideways action before the next decisive move.
Structurally, MU has respected its ascending trendline from April, bouncing off support near $112 earlier this month. However, the stock has struggled to clear the $120–$122 zone, which coincides with overhead trendline resistance and the 50-day SMA. Volume has been relatively steady, suggesting that while sellers are not aggressively distributing, buyers are also waiting for confirmation of direction.
Key support lies at $115, just above the trendline, followed by a stronger base at $110. On the upside, reclaiming $120–$122 would be a bullish trigger, opening the path toward $128–$130 (recent highs). A confirmed breakout above $130 would re-establish strong momentum and signal potential continuation toward $140.
Micron is technically consolidating within a constructive long-term trend. While momentum indicators remain neutral, the stock is holding higher lows above trendline support. A breakout above the clustered resistance at $120–$122 will be critical to resuming its upward trajectory.
Fiserv, Inc. – FI – AI Score: 89.45%
Fiserv (NYSE: FI) is trading near $138 after an extended downtrend that began in March when the stock peaked above $230. The recent stabilization around the $135–$140 zone reflects attempts to base-build, though the broader technical structure remains under heavy pressure.
From a trend perspective, FI is still in a bearish setup. The stock trades well below its 20-day ($136.19), 50-day ($152.44), and 200-day ($191.40) SMAs, all of which are sloping downward. This alignment underscores persistent downside momentum and the long path required for any trend reversal. Short-term, the 20-day SMA is acting as immediate resistance, while the 50-day near $152 remains a critical ceiling for any rebound attempt.
Momentum indicators show some early signs of stabilization. The RSI currently stands at 37.56, up from extreme oversold levels near 20 earlier this month, signaling that selling pressure is cooling but not yet neutralized. Meanwhile, the MACD line (–3.55) is climbing from deeply negative territory, crossing above the signal line (–5.05), with a positive histogram of +1.49. This bullish crossover suggests early momentum recovery, though it requires follow-through confirmation in price action.
Structurally, FI has been trapped within a steep descending channel since April. Recent price action shows a potential floor forming near $135, a level tested multiple times in August. Volume has tapered off compared to prior selloffs, which may indicate that selling exhaustion is setting in. However, without a break above descending resistance, this remains a tentative observation rather than a confirmed reversal.
Key support lies at $135, which must hold to avoid further downside risk toward $125–$130. On the upside, reclaiming $145 would be the first constructive step, with a breakout above $152 (50-day SMA and channel resistance) serving as a stronger bullish trigger. Beyond that, the $165–$170 zone is the next major resistance band.
Fiserv is attempting to stabilize after a prolonged downtrend, with momentum indicators showing the first signs of recovery. While the setup remains bearish in the bigger picture, holding $135 and reclaiming $152 would be critical to confirming a durable bottoming process. Until then, caution remains warranted.
Tenet Healthcare – THC – AI Score: 85.58%
Tenet Healthcare (NYSE: THC) is trading near $182 after a strong multi-month recovery from April’s lows around $120. The stock has regained key moving averages and is testing the upper boundary of its rising channel, signaling strong bullish momentum but also approaching near-term overbought conditions.
From a trend perspective, THC is well positioned. It trades above its 20-day ($170.64), 50-day ($169.46), and 200-day ($147.26) SMAs, with all three sloping upward. This alignment confirms a bullish structure across short-, medium-, and long-term timeframes. The stock has also respected its rising trendline from May, reinforcing strong support around $165–$170.
Momentum indicators show strength but also caution. The RSI stands at 70.58, just inside overbought territory, which signals strong buying pressure but also raises the risk of short-term pullbacks. Meanwhile, the MACD line (4.23) is above the signal line (2.81), with a positive histogram (+1.43), confirming bullish momentum. However, given the RSI’s elevated level, traders should monitor for potential divergence or consolidation.
Structurally, THC has formed an ascending channel since May, and price action is pressing against the upper resistance line around $183–$185. Volume has remained steady, supporting the advance, though no significant accumulation spikes have appeared, suggesting the move is driven by steady momentum rather than sharp institutional buying.
Key upside resistance lies at $185, with a breakout above that level opening the door to $195–$200, which would retest highs not seen since early 2023. On the downside, initial support lies near $175 (20-day SMA), followed by $165, aligned with the rising trendline and prior breakout zone.
Tenet Healthcare remains technically strong, with bullish alignment across moving averages and momentum indicators confirming the uptrend. While overbought conditions suggest the possibility of short-term consolidation, the broader structure favors continued strength, with $185 as the immediate breakout level to watch.
SLB (Schlumberger) – SLB – AI Score: 83.89%
Schlumberger (NYSE: SLB) is trading near $36 after a prolonged consolidation phase that began in June. While the stock has struggled to regain bullish traction following its April breakdown, recent price action suggests the potential for a near-term rebound as it challenges key resistance levels.
From a trend perspective, SLB remains technically pressured. The stock trades below its 200-day SMA ($37.79), keeping the long-term structure bearish. However, it has reclaimed its 20-day ($33.66) and 50-day ($34.50) SMAs, both of which are now acting as immediate support. This short-term alignment provides the first constructive signal in months, though the 200-day remains a major ceiling for the longer-term trend.
Momentum indicators are supportive of a near-term move higher. The RSI stands at 64.88, approaching overbought levels but showing strong bullish momentum after weeks of subdued action. Meanwhile, the MACD line (0.3512) is above the signal line (0.1798), with a positive histogram (+0.1714), confirming improving upside momentum. If the MACD continues to trend higher, it could add conviction to the bullish case.
Structurally, SLB has broken out of a descending channel dating back to April and is now testing horizontal resistance at $36.50–$37. A successful breakout above this level, combined with a reclaim of the 200-day SMA, would mark a significant technical shift. Volume has picked up slightly on recent green sessions, indicating increasing participation in the rally.
Key resistance lies at $37.80–$38.50 (200-day SMA and prior breakdown zone). A breakout above this range would confirm a medium-term trend reversal and open the door toward $41–$42. On the downside, support is near $35 (50-day SMA) and $34, with a breakdown below that zone risking a retest of the $32 level.
Schlumberger is showing the first constructive technical signs in months, with momentum improving and a breakout attempt underway. While the stock remains capped by the 200-day SMA, a sustained move above $38 would confirm a reversal and support a medium-term bullish stance.
Lantheus Holdings – LNTH – AI Score: 83.74%
Lantheus (NASDAQ: LNTH) is trading near $56 after a sharp decline from its April peak above $100. The stock remains in a firmly bearish setup, though recent price action suggests a potential base-building phase near the mid-$50s as downside momentum begins to stabilize.
From a trend perspective, LNTH is under pressure. It trades well below its 20-day ($58.77), 50-day ($70.15), and 200-day ($85.57) SMAs, all sloping downward. This confirms a bearish alignment across short-, medium-, and long-term timeframes. Until the stock reclaims at least the 50-day SMA, the broader technical picture remains negative.
Momentum indicators reflect weak but stabilizing conditions. The RSI is at 35.78, just above oversold territory, suggesting that downside pressure has cooled somewhat but that buyers have not regained control. Meanwhile, the MACD line (–4.09) is below the signal line (–4.84), though the histogram (+0.7524) has turned slightly positive, hinting at an early attempt to recover momentum. This suggests that while the bearish trend persists, selling pressure is no longer accelerating.
Structurally, LNTH is attempting to hold support in the $54–$56 range, a zone tested multiple times in August. Volume spiked on the most recent earnings-related selloff but has since moderated, indicating potential selling exhaustion. To confirm a bottoming process, LNTH would need to sustain this support and break above the descending trendline near $65.
Key support lies at $55, followed by $50, a psychological and structural level from prior consolidations. On the upside, resistance is layered at $65 (trendline resistance), followed by $70 (50-day SMA). A decisive move above $70 would mark the first real sign of a trend reversal.
Lantheus remains in a bearish technical position, but stabilization around the $55 level could form the foundation for a base. Momentum indicators are showing early improvement, though the stock must reclaim resistance levels before signaling a sustainable recovery. Until then, the setup remains cautious with downside risk contained by the mid-$50s support.
Aptiv PLC – APTV – AI Score: 81.85%
Aptiv (NYSE: APTV) is trading just under $80 after a sharp August rally that carried the stock from $65 to $81 in less than a month. The breakout has pushed shares to multi-month highs, placing APTV in a technically strong position though momentum indicators now suggest overbought conditions.
From a trend perspective, APTV has regained key moving averages. The stock is trading above its 20-day ($72.09), 50-day ($70.55), and 200-day ($63.29) SMAs, with all three averages sloping upward. This alignment confirms a bullish structure across timeframes. The 200-day SMA, which had been trending flat to down for most of the year, is now beginning to stabilize, signaling a potential long-term shift in trend.
Momentum indicators show strength but warrant caution. The RSI stands at 75.35, firmly in overbought territory, reflecting strong buying momentum but also raising the risk of a near-term pullback or consolidation. Meanwhile, the MACD line (2.68) is well above the signal line (1.74), with a positive histogram (+0.9338), confirming bullish momentum is still building. However, given the RSI’s elevated level, further upside may be capped without a cooling-off period.
Structurally, APTV has broken above a long-term descending resistance line dating back to February, completing a bullish breakout pattern. The breakout was supported by rising volume, adding conviction to the move. Price action is now testing resistance around $80–$82, a zone last seen in early 2024.
Key support lies at $75, the site of the breakout level and now a critical retest zone. Below that, stronger support is layered at $70 (50-day SMA) and $65 (August breakout base). On the upside, a breakout above $82 would target $88–$90, with $95 as the next major resistance area.
Aptiv is technically strong, with a breakout above long-term resistance supported by rising momentum. While short-term overbought signals suggest consolidation risk, the broader chart structure favors continuation higher if the $75 support zone holds.
Wyndham Hotels & Resorts – WH – AI Score: 80.21%
Wyndham (NYSE: WH) is trading near $88 after several months of sideways consolidation between $85 and $92. The stock is attempting to base-build following its steep decline from March highs above $110, but the broader setup still reflects indecision as it struggles to break above long-term resistance.
From a trend perspective, WH sits just above its 20-day ($86.67) and 50-day ($85.81) SMAs, both trending slightly upward, which provides near-term support. However, the stock remains just below its 200-day SMA ($92.60), which has acted as a persistent ceiling since April. A decisive close above the 200-day would be a critical signal for a sustained trend reversal.
Momentum indicators are cautiously constructive. The RSI stands at 55.03, showing mild bullish momentum and room to climb before overbought conditions. Meanwhile, the MACD line (0.4867) is marginally above the signal line (0.4328), with a small positive histogram (+0.0539). This suggests momentum is tilting bullish but still lacks conviction.
Structurally, WH has been forming a symmetrical triangle pattern since May, with converging support near $85 and resistance around $90–$92. Recent price action shows tightening consolidation, which often precedes a breakout. Volume has remained steady, but conviction from buyers has been limited, underscoring the importance of a breakout confirmation.
Key support sits at $85, the lower bound of the consolidation zone and aligned with both the 20-day and 50-day SMAs. A breakdown below $85 would risk a move toward $80, where the stock found support in May. On the upside, $92.50–$93 (200-day SMA and downtrend resistance) is the critical breakout zone. A close above this level would likely open the path toward $100–$105.
Wyndham is in a neutral but improving setup, with momentum slowly shifting positive while price consolidates near a breakout zone. A move above $92.50 with volume would confirm a bullish trend reversal, while failure to hold $85 could reintroduce downside risk.
Elevance Health – ELV – AI Score: 79.96%
Elevance (NYSE: ELV) is trading near $310 after stabilizing from its July low around $280. While the stock remains in a broader downtrend since peaking above $500 in 2023, recent price action suggests early signs of a potential base as momentum indicators improve.
From a trend perspective, ELV is still technically weak. The stock trades below its 50-day ($320.90) and 200-day ($380.96) SMAs, both of which are sloping downward, reflecting a bearish longer-term outlook. However, it has reclaimed the 20-day SMA ($296.84), now acting as near-term support, which suggests short-term buyers are beginning to reassert control.
Momentum indicators highlight this shift. The RSI sits at 52.17, up significantly from oversold levels in July, showing that buying pressure has returned. Meanwhile, the MACD line (–0.0226) has crossed above the signal line (–3.99), with the histogram at +3.97—confirming bullish momentum and suggesting further recovery potential.
Structurally, ELV has broken out above a short-term descending channel, with $300 now serving as an important pivot. Volume has ticked up slightly on recent green sessions, signaling tentative accumulation after months of selling pressure. Still, resistance layers remain thick overhead, with the 50-day SMA and descending trendline near $325 being the first key test.
Key support lies at $300, followed by $285—the July low. On the upside, reclaiming $325 would be the first sign of a sustainable recovery, opening the door toward $350. A breakout above $380 (200-day SMA) would be required to fully negate the broader bearish structure.
Elevance remains in a bearish longer-term setup but is showing credible signs of near-term stabilization. Holding $300 and breaking above $325 would confirm the first steps of a base-building process, while a failure to hold support risks another retest of $285.
Adobe Inc. – ADBE – AI Score: 79.73%
Adobe (NASDAQ: ADBE) is trading near $356 after bouncing off August lows around $340. While the stock remains in a longer-term downtrend since late 2023, recent price action suggests a potential short-term base is forming, with momentum slowly improving.
From a trend perspective, ADBE continues to face overhead pressure. It trades below its 50-day ($364.87) and 200-day ($413.85) SMAs, both downward sloping. However, it has reclaimed its 20-day SMA ($349.81), which is now acting as immediate support. This suggests the stock is attempting to stabilize, though the broader trend remains bearish until higher resistance levels are cleared.
Momentum indicators show tentative improvement. The RSI sits at 49.46, recovering from oversold conditions in early August, but still below the neutral 50 threshold—indicating that buyers have not fully taken control. Meanwhile, the MACD line (–1.82) has crossed above the signal line (–4.32), with the histogram turning positive at +2.50. This confirms early bullish momentum, though the signal remains modest.
Structurally, ADBE has been locked in a descending channel since December 2023, with repeated lower highs. The recent bounce suggests a possible double-bottom structure near $340, but confirmation would require a breakout above $370–$375. Volume has increased slightly on the rebound, hinting at renewed interest from buyers after prolonged weakness.
Key support lies at $340, the August and July double-bottom low. Below that, $320 is the next structural level. On the upside, resistance is layered at $370 (50-day SMA and downtrend resistance), followed by $400. A sustained breakout above $400 would be the first step toward reversing the longer-term bearish structure.
Adobe remains technically weak in the long-term but is showing early signs of stabilization. Holding $340 and breaking above $370 would strengthen the bullish case, while failure to hold recent support could trigger another retest of the $320 zone.