Texas Instruments Incorporated Stock Forecast
Texas Instruments Incorporated stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Texas Instruments Incorporated stock price gained 0.252% on the last trading day (Thursday, 25th Apr 2024), rising from $174.81 to $175.25. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.78% from a day low at $172.26 to a day high of $177.05. The price has risen in 6 of the last 10 days and is up by 2.37% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 9 million shares were bought and sold for approximately $1.60 billion. 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 lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.83% during the next 3 months and, with a 90% probability hold a price between $169.67 and $191.27 at the end of this 3-month period.
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TXN 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $166.86 and $170.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.75%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $174.81 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 $4.79 (2.78%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: $169.43 (-3.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (TXN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Texas Instruments Incorporated to open at $174.85, and during the day (based on 14 day Average True Range), to move between $170.62 and $179.88, which gives a possible trading interval of +/-$4.63 (+/-2.64%) up or down from last closing price. If Texas Instruments Incorporated takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $175.27 (0.01%) than the support at $174.81 (0.25%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.653 Buy Candidate Upgraded
Predicted Opening Price for Texas Instruments Incorporated of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $174.85 ( 0.226%) | $175.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TXN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 179.65 | 2.51 % | |
| R2 | 177.82 | 1.46 % | ||
| R1 | 176.69 | 0.82 % | ||
| Current price: | 175.25 | |||
| Support | S1 | 173.02 | -1.27 % | |
| S2 | 171.89 | -1.92 % | ||
| S3 | 170.06 | -2.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 175.27 | 0.0114 % | ||
| Current price | 175.25 | |||
| Support | S1 | 174.81 | -0.251% | |
| S2 | 172.52 | -1.56% | ||
| S3 | 159.68 | -8.88% |
TXN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Jan 31, 2024 | Feb 13, 2024 | $1.30 | 0.83% |
| 2 | Jan 18, 2024 | Jan 30, 2024 | Feb 13, 2024 | $1.30 | 0.83% |
| 3 | Sep 21, 2023 | Oct 30, 2023 | Nov 14, 2023 | $1.30 | 0.87% |
| 4 | Jul 20, 2023 | Jul 31, 2023 | Aug 15, 2023 | $1.24 | 0.737% |
| 5 | Jul 20, 2023 | Jul 28, 2023 | Aug 15, 2023 | $1.24 | 0.737% |
FAQ
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