How the price action of Texas Instruments ($TXN) is used to our Advantage
May 02, 2023, 00:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TXN
- Buy TXN slightly over 156.80 target 170.15 stop loss @ 156.35 Details
The technical summary data tells us to buy TXN near 156.80 with an upside target of 170.15. This data also tells us to set a stop loss @ 156.35 to protect against excessive loss in case the stock begins to move against the trade. 156.80 is the first level of support below 166.68 , and by rule, any test of support is a buy signal. In this case, support 156.80 would be being tested, so a buy signal would exist.
- Short TXN slightly under 170.15, target 156.80, stop loss @ 170.64 Details
The technical summary data is suggesting a short of TXN as it gets near 170.15 with a downside target of 156.80. We should have a stop loss in place at 170.64though. 170.15 is the first level of resistance above 166.68, and by rule, any test of resistance is a short signal. In this case, if resistance 170.15 is being tested, so a short signal would exist.
Swing Trading Plans for TXN
- Buy TXN slightly over 167.77, target 170.15, Stop Loss @ 167.29 Details
If 167.77 begins to break higher, the technical summary data tells us to buy TXN just slightly over 167.77, with an upside target of 170.15. The data also tells us to set a stop loss @ 167.29 in case the stock turns against the trade. 167.77 is the first level of resistance above 166.68, and by rule, any break above resistance is a buy signal. In this case, 167.77, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TXN slightly near 167.77, target 161.98, Stop Loss @ 168.25. Details
The technical summary data is suggesting a short of TXN if it tests 167.77 with a downside target of 161.98. We should have a stop loss in place at 168.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 167.77, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TXN
- Buy TXN slightly over 166.73, target 167.77, Stop Loss @ 166.34 Details
If 166.73 begins to break higher, the technical summary data tells us to buy TXN just slightly over 166.73, with an upside target of 167.77. The data also tells us to set a stop loss @ 166.34 in case the stock turns against the trade. 166.73 is the first level of resistance above 166.68, and by rule, any break above resistance is a buy signal. In this case, 166.73, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TXN slightly near 166.73, target 161.98, Stop Loss @ 167.12. Details
The technical summary data is suggesting a short of TXN if it tests 166.73 with a downside target of 161.98. We should have a stop loss in place at 167.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 166.73, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Texas Instruments (TXN) available here: TXN.
TXN Ratings for May 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
156.80 |
| P2 |
161.01 |
161.98 |
170.15 |
| P3 |
166.73 |
167.77 |
183.57 |
AI Generated Signals for TXN
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Texas Instruments (NYSE: TXN) data table below can help you with price action, and we have more details too. Trading plans for TXN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TXN:
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