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# Five Names Cross Into Tier 2 — and TSMC Finally Makes It
- URL: https://www.altamiraequity.com/scorecard-tsm-tier2-2026-11-11/
- Published: 2026-11-12T05:32:44.000Z
- Updated: 2026-11-12T05:32:44.000Z
- Description: TSM rose 69.1 to 70.4 into Tier 2 in the 11 November edition — the technical score's repair (45.2 to 49.8), not the fundamentals, carried it over, with the QC gate still a perfect 13 of 13 — joined by MSCI, Progressive, McKesson and AppLovin, while DexCom and perfect-gate ResMed fell out.
- Author: Altamira Capital
- Tags: Research, #qc-review

Three days ago this site published a note about a paradox: Taiwan Semiconductor passed the scorecard's quality gate a perfect 13 of 13, carried a fundamental score near 80, and still sat in Tier 3, waiting on its trend. In the edition of **11 November 2026** (prices as of the 10 November close), the wait ended. **TSM rose from 69.1 to 70.4 and crossed into Tier 2** — one of five names to make that step in a single edition, against two falling out.

## How TSM crossed — honestly

![TSM's pillar scores in the 11 November edition: the fundamental side barely moved, and the technical score's climb from 45.2 to 49.8 carried the total from 69.1 to 70.4](https://www.altamiraequity.com/content/images/2026/11/scorecard-tsm-tier2-2026-11-11-pillars.png)

TSM's pillar scores in the 11 November edition: the fundamental side barely moved, and the technical score's climb from 45.2 to 49.8 carried the total from 69.1 to 70.4\. Source: External 516 KPI Scorecard dataset.

The fundamental side barely moved: the composite eased from 79.4 to 79.2, with pillars of Quality 79.2, Growth 86.3, Health 96.0, Moat 86.8, Shareholder Returns 77.7 and Value 61.1\. What changed is the other half of the formula: **the technical score climbed from 45.2 to 49.8**, and at a 30% weight that was worth roughly the whole +1.3 gain. The QC gate still reads QUALIFIED, 13 of 13 — TSM remains one of a handful of perfect-gate names in the 515-name universe.

The honest caveat belongs in the same paragraph: this is a score crossing, not a breakout. At $396.48 the shares still trade **7.9% below their 50-day average and 1.4% below their 200-day**, the six-month relative-strength rank is a modest 35, and the trend state is still MIXED. The improvement came through the momentum cells repairing partway — the twelve-month relative-strength rank stands at 79 and five of six Minervini trend-template criteria are met — not through a decisive price move. Against fair value of $534, the margin of safety reads **+25.7%**. The dataset's sentence on TSM is now: an elite-quality business, priced at a real discount, whose trend has stopped arguing — without yet cheering.

## The other four climbers

![The five names that crossed into Tier 2 in the edition of 11 November, total score before and after; three of them landed within half a point of the 70 line](https://www.altamiraequity.com/content/images/2026/11/scorecard-tsm-tier2-2026-11-11-crossers.png)

The five names that crossed into Tier 2 in the edition of 11 November, total score before and after; three of them landed within half a point of the 70 line. Source: External 516 KPI Scorecard dataset.

- **MSCI (68.2 → 70.3, UPTREND).** The quality-led route: Quality 95.5 and Moat 84.8 carry a name whose Growth pillar is 52.0 and Health just 40.2; the QC gate remains NOT QUALIFIED at 11 of 13.
- **Progressive (69.3 → 70.3, UPTREND).** The value-led route: a Value pillar of 98.1 on an 11.3% free-cash-flow yield, with Quality the soft spot at 46.3 and the gate at 10 of 13.
- **McKesson (69.8 → 70.1, UPTREND).** The momentum-led route: a six-month relative-strength rank of 95 and a +47.4% six-month return did the lifting; Growth scores just 35.7 and the gate sits at 8 of 13.
- **AppLovin (69.7 → 70.0, RECOVERING).** The growth-led route, landing exactly on the 70.0 line: Growth 99.9 and Quality 85.0 against a price still 3.1% below its 200-day average and the weakest checklist of the five at 9 of 13.

Five crossings, five different engines — quality, value, momentum, growth, and TSM's technical repair. That diversity is the tier working as designed: the line at 70 is a composite, and there is no single way across it.

## The traffic the other way

Tier 2 grew from 19 names to **22**, but two residents left. **DexCom fell 70.7 → 69.9** into Tier 3 on a PULLBACK state — a tenth of a point deciding the label, on a name whose Shareholder Returns pillar scores a perfect 100\. **ResMed fell 71.8 → 69.5**, the edition's most striking tension: it keeps a perfect **13-of-13 QC pass** and a Value pillar of 93.9, and drops a tier anyway because the trend half faded to STAGNANT. Across the full table, 14 names changed tier and 47 changed trend state — an edition that repriced momentum far more than it repriced businesses.

## What to watch next

Whether TSM's technical score holds above the line now that the crossing is made — the 50-day average, still nearly 8% overhead, is the next real test. Whether ResMed's perfect gate and deep value pull its score back, as they did for TSM. And whether the four other climbers — three of them within half a point of the boundary — are still in Tier 2 when the next edition prints.

*Sources: External 516 KPI Scorecard, editions of 10 and 11 November 2026 (prices as of the 9 and 10 November closes) — totals, tiers, pillars, technical scores, QC verdicts, trend states, moving-average distances, relative-strength ranks and prices are the datasets' published cells; TSM's fair value is the external fair-value cell carried in the dataset. Research for information only — not investment advice.*