|
|
Advanced TA SearchArchive
- 5/10/2024 -
Sign In to see current Signals. |
Texas Instruments (TXN) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a third positive week after 3 consecutive negative weeks for the Texas Instruments (TXN). During the week, the TXN gained 8.14 points, or 4.55%, and closed at 187.05 on Friday, May 10, 2024. TXN was trading at average weekly trading volume.
 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 Falling Wedge chart pattern. The downtrend resistance line (137.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. TXN may retest the broken resistance line. It is considered to be a support line now. 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 October 30, 2023 at 139.48 and reached 187.35 on May 10, 2024. TXN gained -47.87 points, or -34.32%, in 27 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (163.28) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 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 above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. 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 April 19, 2024 at 159.11 and reached 187.35 on May 10, 2024. TXN gained -28.24 points, or -17.75%, in 21 days. Price is near the trend high.
 Daily Technical Indicators: [See TXN daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since April 23, 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.
 Candlestick pattern: [See TXN candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
| |
|
|