Texas Instruments Incorporated Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Texas Instruments Incorporated stock price up 0.0445% on Friday
(Updated on May 17, 2024)
The Texas Instruments Incorporated stock price gained 0.0445% on the last trading day (Friday, 17th May 2024), rising from 179.68€ to 179.76€. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.00% from a day low at 178.58€ to a day high of 180.36€. The price has risen in 9 of the last 10 days and is up by 8.41% over the past 2 weeks. Volume fell on the last day by -324 shares and in total, 317 shares were bought and sold for approximately 56.98€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 172.03€, a level that may pose a second chance to hit a runner. According to fan-theory 186.12€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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TII.F Signals & Forecast
The Texas Instruments Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 176.01€ and 163.28€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 18.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Texas Instruments Incorporated stock
On the downside, the stock finds support just below today's level from accumulated volume at 164.98€ and 156.94€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Texas Instruments Incorporated finds support just below today's level at 164.98€. If this is broken, then the next support from accumulated volume will be at 156.94€ and 150.88€.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.78€ between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.27%.
The Texas Instruments Incorporated stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Texas Instruments Incorporated has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: 172.23€ (-4.19%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (TII.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Texas Instruments Incorporated to open at 179.57€, and during the day (based on 14 day Average True Range), to move between 176.93€ and 182.59€, which gives a possible trading interval of +/-2.83€ (+/-1.57%) up or down from last closing price. If Texas Instruments Incorporated takes out the full calculated possible swing range there will be an estimated 3.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 164.98€, some 14.78€ (8.22%) from the current price of 179.76€, our system finds the risk reward attractive.
Is Texas Instruments Incorporated stock A Buy?
Texas Instruments Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Texas Instruments Incorporated of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 179.57€ ( 0.108%) | 179.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TII.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 181.35 | 0.88 % | |
| R2 | 180.67 | 0.504 % | ||
| R1 | 180.25 | 0.271 % | ||
| Current price: | 179.76 | |||
| Support | S1 | 178.89 | -0.486 % | |
| S2 | 178.47 | -0.720 % | ||
| S3 | 177.79 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 179.76 | |||
| Support | S1 | 164.98 | -8.22% | |
| S2 | 156.94 | -12.69% | ||
| S3 | 150.88 | -16.07% |
TII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 21, 2024 | 1.21€ | 0% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 13, 2024 | 1.20€ | 0% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | 1.30€ | 0% |
| 4 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | 1.24€ | 0% |
| 5 | May 05, 2023 | May 05, 2023 | May 05, 2023 | 1.24€ | 0% |
FAQ
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