Tower Semiconductor's 15min Chart Triggers KDJ Death Cross, Bearish Marubozu Pattern

Wednesday, Jul 23, 2025 1:32 pm ET1min read

Tower Semiconductor's 15-minute chart has exhibited a significant bearish trend, marked by a KDJ Death Cross and a Bearish Marubozu formation on July 23rd at 13:30. This indicates a shift in momentum towards the downside, with a potential for further price decreases. The bearish momentum is likely to persist, as sellers have taken control of the market.

Tower Semiconductor's (TSEM) 15-minute chart has exhibited a significant bearish trend, marked by a KDJ Death Cross and a Bearish Marubozu formation on July 23rd at 13:30. This indicates a shift in momentum towards the downside, with a potential for further price decreases. The bearish momentum is likely to persist, as sellers have taken control of the market.

According to the 15-minute chart, a KDJ Death Cross and Bearish Marubozu pattern was triggered at 13:30 on July 23, 2025 [1]. This pattern suggests a downward trend in the stock price, with sellers currently controlling the market and a likely continuation of bearish momentum. The Taiwan Fund, which includes TSEM as a major component, experienced a similar pattern on July 17, 2025 [2].

Analysts have been adjusting their price targets for TSEM. While Bernstein SocGen lowered its price target from $251.00 to $249.00, citing rapid foreign exchange movements, Needham raised its price target to $270, driven by strong AI growth projections [2]. Despite these mixed signals, the technical indicators for TSEM suggest a downward trend, indicating potential headwinds for the stock price.

TSEM shares surged 9.38% in mid-day trading on July 17, reaching an intraday high of $50.32 before settling at $49.92 [3]. However, the stock remains 9.75% below its 52-week high of $55.31 and 74.30% above its 52-week low of $28.64. The average target price for TSEM is $57.23, with a consensus recommendation of "Outperform" [3].

In conclusion, TSEM's recent technical patterns indicate a bearish trend, with a potential for further price decreases. Investors should closely monitor the stock's performance and consider the potential impact of these factors on its stock price.

References:
[1] https://www.ainvest.com/news/taiwan-fund-15min-chart-triggers-kdj-death-cross-bearish-marubozu-2507/
[2] https://www.gurufocus.com/news/2985474/tower-semiconductor-ltd-tsem-trading-938-higher-on-jul-17
[3] https://www.gurufocus.com/news/2985474/tower-semiconductor-ltd-tsem-trading-938-higher-on-jul-17

Comments



Add a public comment...
No comments

No comments yet