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Archive
- 4/5/2024 -
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Texas Instruments (TXN) Technical Analysis
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| Summary:
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| | It was the negative week for the Texas Instruments (TXN). During the week, the TXN dropped -6.71 points, or -3.85%, and closed at 167.50 on Friday, April 5, 2024. It was the worst weekly loss since January 26, 2024. Weekly volume was -17% below average.
TXN is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TXN long-term trend chart]
A long-term downtrend had started on October 25, 2021 at 202.26 and reached 139.48 on October 30, 2023. TXN lost 62.78 points, or 31.04%, in 105 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 137.91 and resistance is at 188.98. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See TXN medium-term trend chart]
A medium-term downtrend had started on July 25, 2023 at 188.12 and reached 139.48 on October 30, 2023. TXN lost 48.64 points, or 25.86%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 163.45 and resistance is at 171.84. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See TXN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 8, 2023. Use the following link to access a MACD help.
 Short-term trend: [See TXN short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 155.46 and reached 177.75 on March 7, 2024. TXN gained -22.29 points, or -14.34%, in 23 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (171.24) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.
Daily Technical Indicators: [See TXN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 15, 2024.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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