Largest Positive Opening Gaps for TSM

How does TSM usually behave after a large gap-up move?

Using the 12 largest gap-up moves over the last 3 years in TSM stock, the average move was +5.7% with the single largest opening gap of +8.2% occurring on 25-May-2023. The following day, TSM stock price averaged -0.2% losses, with down moves exceeding up moves. The stock was down 58% of the time in that period one day after these significant gaps. Earnings dates have been excluded from this analysis.

Catalysts

7 of TSM's 12 largest moves corresponded with a large gap up in the overall market.

Open-to-High and Open-to-Low

The largest percentage gain from the open to the high of the day was +5.0% on 25-May-2023, while the biggest drop from the open to the low was -3.2% on 8-Apr-2026. On average, the TSM stock price gain from the opening price to the highest point of the day was +1.4%, and the average drop to the lowest point was -1.7%.

Day Drift Open-to-Close

The best performance in TSM stock price from opening price to closing price (referred to as the "drift" for the day) was on 25-May-2023 for a +3.5% gain after the stock gapped up +8.2% at the open. The worst worst return from the opening price to the closing price was on 21-Mar-2024 when the stock lost -2.2% after the stock gapped up +4.3%. Overall in the 12 available observations, the stock drifted higher 42% of the time for an average return of +0.1%.