The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/2/2026 -
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Texas Instruments (TXN) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Texas Instruments (TXN). During the week, the TXN gained 15.73 points, or 5.66%, and closed at 293.80 on Friday, October 2, 2026. It was the best weekly gain since July 10, 2026. Weekly volume was -41% below average.

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 December 5, 2008 at 13.38 and reached 334.03 on June 22, 2026. TXN gained -320.65 points, or -2396.49%, in 915 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (161.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See TXN medium-term trend chart]
A medium-term uptrend had started on November 20, 2025 at 152.73 and reached 334.03 on June 22, 2026. TXN gained -181.30 points, or -118.71%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 239.59 and resistance is at 417.12. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge 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 below its signal line since July 17, 2026. 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 September 3, 2026 at 248.13 and reached 297.06 on October 2, 2026. TXN gained -48.93 points, or -19.72%, in 29 days. The price is now at the 6.66% retracement level.

Daily Technical Indicators: [See TXN daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since September 4, 2026. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.58
Overbought
Williams' Percentage Range (W%R) 17.00
Overbought
Lane's Stochastic (%D-Slow) 88.68
Overbought
Greed/Fear Indicator (GFI) 84.42
Overbought
Moving Average Converg./Diverg. (MACD) 1.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.01
Williams' Percentage Range (W%R) 51.30
Lane's Stochastic (%D-Slow) 37.34
Greed/Fear Indicator (GFI) 44.46
Moving Average Converg./Diverg. (MACD) 13.25
Trading Signals
Description Value Chart
Price 293.80
Daily Stochastic Crossing 293.10
Upper Bollinger Band 292.74
50 Day Moving Average 270.54
Weekly Stochastic Crossing 270.12
Parabolic System 270.09
20 Day Moving Average 269.88
Lower Bollinger Band 254.20
Yearly Trendline Resistance 251.20
Monthly Trendline Resistance 245.21
Quarterly Trendline Support 239.59
Monthly Trendline Support 237.43
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 256.78
Low Date 09/14/2026
High 297.06
High Date 10/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 248.13
Low Date 09/03/2026
High 297.06
High Date 10/02/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 245.21
Support 237.43
High 334.03
High Date 06/22/2026
Low 248.13
Low Date 09/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 417.12
Support 239.59
Low 152.73
Low Date 11/20/2025
High 334.03
High Date 06/22/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 251.20
Support 161.65
Low 13.38
Low Date 12/05/2008
High 334.03
High Date 06/22/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.