The TAIEX Taiwan is actively quoting at 44,704 (+2.76%), driven by strong investor sentiment and positive market momentum following recent economic data releases. This upward movement signals a robust recovery phase, as the index has decisively broken above its previous close of 43,503, indicating renewed confidence among market participants.

From a technical perspective, the TAIEX is currently above both its 20-day simple moving average (SMA-20) of 43,256 and its 50-day simple moving average (SMA-50) of 39,704, reinforcing the bullish trend. The relative strength index (RSI) stands at 69.4, placing it in neutral territory, suggesting that while the index is gaining, it is not yet overbought. Additionally, the index is approaching its 52-week high of 46,459, which could serve as a significant resistance level.

Looking ahead, the immediate support level is seen at the SMA-20 of 43,256, while resistance is likely to be encountered near the 52-week high of 46,459. A sustained move above this level could further validate the bullish outlook for the TAIEX.