When Texas Instruments ($TXN) Moves Investors should Listen
March 05, 2023, 03:00 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TXN
- Buy TXN slightly over 170.04 target 183.74 stop loss @ 169.55 Details
The technical summary data tells us to buy TXN near 170.04 with an upside target of 183.74. This data also tells us to set a stop loss @ 169.55 to protect against excessive loss in case the stock begins to move against the trade. 170.04 is the first level of support below 175.68 , and by rule, any test of support is a buy signal. In this case, support 170.04 is being tested, a buy signal would exist.
- Short TXN slightly under 183.74, target 170.04, stop loss @ 184.27 Details
The technical summary data is suggesting a short of TXN as it gets near 183.74 with a downside target of 170.04. We should have a stop loss in place at 184.27though. 183.74 is the first level of resistance above 175.68, and by rule, any test of resistance is a short signal. In this case, if resistance 183.74 is being tested, a short signal would exist.
Swing Trading Plans for TXN
- Buy TXN slightly over 183.74, target n/a, Stop Loss @ 183.21 Details
If 183.74 begins to break higher, the technical summary data tells us to buy TXN just slightly over 183.74, with an upside target of n/a. The data also tells us to set a stop loss @ 183.21 in case the stock turns against the trade. 183.74 is the first level of resistance above 175.68, and by rule, any break above resistance is a buy signal. In this case, 183.74, 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 183.74, target 172.10, Stop Loss @ 184.27. Details
The technical summary data is suggesting a short of TXN if it tests 183.74 with a downside target of 172.10. We should have a stop loss in place at 184.27 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, 183.74, 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 183.74, target n/a, Stop Loss @ 183.31 Details
If 183.74 begins to break higher, the technical summary data tells us to buy TXN just slightly over 183.74, with an upside target of n/a. The data also tells us to set a stop loss @ 183.31 in case the stock turns against the trade. 183.74 is the first level of resistance above 175.68, and by rule, any break above resistance is a buy signal. In this case, 183.74, 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 183.74, target 173.57, Stop Loss @ 184.17. Details
The technical summary data is suggesting a short of TXN if it tests 183.74 with a downside target of 173.57. We should have a stop loss in place at 184.17 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, 183.74, 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 March 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
156.54 |
| P2 |
171.28 |
167.19 |
170.04 |
| P3 |
173.57 |
172.10 |
183.74 |
AI Generated Signals for TXN
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Texas Instruments (NYSE: TXN) report below is a real world example. Included are trading plans for TXN, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TXN:
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