TEXAS INSTRUMENTS INC (TXN) Stock Technical Analysis
NASDAQ:TXN • US8825081040
We assign a technical rating of 9 out of 10 to TXN. Both in the recent history as in the last year, TXN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- TXN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- TXN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- TXN has an average volume of 7851880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TXN is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- TXN is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 46% of 113 stocks in the same industry.
TXN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 225.21. Right above this resistance zone may be a good entry point.
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162.98
3 important support areas can be observed.
- A support zone ranging from 215.48 to 218.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 195.30 to 200.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @164.63 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 225.21 to 226.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TXN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXN is up. |
| ChartMill Relative Strength | 82.03 | POSITIVE | TXN has a high relative strength, it outperformed 82.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TXN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TXN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.02 | NEUTRAL | The RSI value for TXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests TXN has a negative trend. |
| Stochastics (14,3) | 73.95 | NEUTRAL | The Stochastics value for TXN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for TXN suggests some volalility. |
| Average Directional Index/ADX (14) | 51.43 | POSITIVE | The high ADX value value for TXN suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 226.58 | 216.12 | 10.46 (4.62%) | 21.66% |
| An entry @226.58. This is a Buy Stop order right above the resistance zone. | An exit @216.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 10.46 points, which is 4.62%. | For a 1.00% total portfolio risk, you can invest 21.66% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TXN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
223.32
-2.37 (-1.05%)
TEXAS INSTRUMENTS INC / TXN FAQ
What is the ChartMill technical rating of TEXAS INSTRUMENTS INC (TXN) stock?
ChartMill assigns a technical rating of 9 / 10 to TXN.
What is the current trend direction of TEXAS INSTRUMENTS INC (TXN) stock?
The current trend direction for TEXAS INSTRUMENTS INC (TXN) is Bullish.
What is the RSI signal for TEXAS INSTRUMENTS INC (TXN) stock?
TEXAS INSTRUMENTS INC (TXN) has an RSI value of 65.0188. This indicates that the stock is currently neutral.
What is the MACD signal for TEXAS INSTRUMENTS INC (TXN) stock?
The MACD indicator for TEXAS INSTRUMENTS INC (TXN) has a value of -0.526022, indicating a bearish trend.
What is the buy/sell signal for TXN stock?
The buy/sell signal for TEXAS INSTRUMENTS INC (TXN) is buy as both the short term and long term trends are positive.