Texas Instruments Incorporated Stock Forecast

Green day on Tuesday for Texas Instruments Incorporated
(Updated on Apr 23, 2024)

TXN Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.63%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Texas Instruments Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $169.81. On a fall, the stock will find some support from the short-term average at $164.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Texas Instruments Incorporated stock

Texas Instruments Incorporated finds support from accumulated volume at $164.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.44 (2.73%) between high and low. For the last week, the stock has had daily average volatility of 2.53%.

Our recommended stop-loss: $157.47 (-4.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (TXN) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Texas Instruments Incorporated to open at $164.94, and during the day (based on 14 day Average True Range), to move between $161.56 and $169.38, which gives a possible trading interval of +/-$3.91 (+/-2.36%) up or down from last closing price. If Texas Instruments Incorporated takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $164.09 (0.83%) than the resistance at $168.53 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Texas Instruments Incorporated stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Texas Instruments Incorporated stock to perform well in the short-term.

Current score: 1.035 Buy Candidate Unchanged

Predicted Opening Price for Texas Instruments Incorporated of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.