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Archive
- 11/8/2024 -
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Texas Instruments (TXN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Texas Instruments (TXN). During the week, the TXN gained 15.40 points, or 7.52%, and closed at 220.30 on Friday, November 8, 2024. TXN was trading at average weekly trading volume.
TXN is a member of Information Technology Sector. Information Technology is the 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 uptrend had started on October 30, 2023 at 139.48 and reached 220.40 on November 8, 2024. TXN gained -80.92 points, or -58.02%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 196.23 and resistance is at 225.12. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See TXN medium-term trend chart]
A medium-term uptrend had started on October 22, 2024 at 192.85 and reached 220.40 on November 8, 2024. TXN gained -27.55 points, or -14.29%, in 2 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See TXN weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 6, 2024. The distance between MACD and the signal line is low and getting smaller. 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 November 5, 2024 at 199.70 and reached 220.40 on November 8, 2024. TXN gained -20.70 points, or -10.37%, in 3 days. Price is near the trend high.
 Daily Technical Indicators: [See TXN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
The daily MACD line is above its signal line since October 24, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The price touches the upper Bollinger Band. 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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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