TSMC to Raise Production Prices

The news indicates that TSMC has increased its production prices, which could positively impact the company's profitability. On the technical indicators, the RSI at 41.9 is near the oversold region, and the MACD line is above the signal line, potentially signaling a short-term recovery. The price is trading near the 20-day moving average (403.34), which may act as support. Despite a 4.26% decline in the last 24 hours, the price increase news and recovery signals in technical indicators raise the likelihood of an upward movement in the short term. However, resistance lies above the 50-day moving average (416.72), so the rally may remain limited.

The news could be interpreted as a development that may create cost pressure for GOOGL. Technical indicators are already showing a weak outlook, with the price trading below both the 20-day and 50-day moving averages. The RSI has fallen below the neutral zone at 44, and the MACD line is trending negatively below the signal line. The 5.4% decline over the past 24 hours confirms increasing selling pressure. The likelihood of the short-term downtrend continuing is high.