TSMC stock closed at $403.41 on July 24, trapped between record fundamentals and deteriorating technicals. Record Q2 results, a raised 2026 outlook, and $100 billion in U.S. CapEx have not translated into price momentum. The disconnect demands careful examination.

Key takeaways

• TSMC stock closed at $403.41 on July 24, below both the 20-day EMA ($422.30) and 50-day EMA ($419.29).
• The daily MACD histogram is widening to the downside at -2.78, confirming accelerating selling pressure.
• The hourly chart shows a full bearish stack with all three EMAs positioned above price.
• Record Q2 earnings, a raised 2026 outlook, and $100 billion in U.S. CapEx have not translated into…