BUZ INVESTORS Texas Instruments Stock Sets Up Texas Instruments Incorporated (NASDAQ:(TXN) stock has been a great stock to watch. The progression in TXN stock off the 2008 lows, which were created following the financial crisis, has been precise and a pleasure to follow. Texas Instruments stock abides by technical rules and it consistently sets up a technical pattern before it makes its next advancement in its stock price. At this moment, there is a technical price pattern in development that will dictate which way this investment will move next.
Before I delve into my analysis, it is worth noting that my views on this investment have been generated by analyzing the price action and indications that occur on the TXN stock chart. This method of investment analysis is known as technical analysis, and I have been crafting my skills in this method for nearly two decades. Technical analysis is based on the notion that historical price and volume data can be used to project the future direction of price. This method has served me extremely well, and I’m sure my many followers can attest to the value this method of analysis can provide.
The following Texas Instruments stock chart illustrates the current technical price pattern that is acting to set up the next move in this investment.
This battle is also where any overbought conditions that were created in the previous advance are unwound, so the proper conditions are available for the next directional move to occur. This is accomplished by the stock price oscillating between these defined levels of support and resistance.
The following Texas Instruments stock chart illustrates the longer-term trend that is supporting a bullish resolution of the ascending channel.
This TXN clearly shows that a defined bullish trend began off the panic lows in 2008, in the midst of the financial crisis. This trend contains the quintessential characteristic that defines all bullish trends: a series of higher highs and higher lows. This quintessential characteristic creates a stair-step pattern that serves to advance the stock price from the lower left to the upper right of the price chart.
This bullish trend is effectively captured using a simple uptrend line, created by connecting the significant troughs on the price chart. This uptrend line not only defines the predominant trend, but it also serves to define risk. This is accomplished simply by assuming that as long as TXN stock is trading above this uptrend line, the predominant trend will remain to the upside and therefore, the progression towards higher stock prices should be expected to continue.
|Industry:||Semiconductors » Semiconductors NAICS: 334413 SIC: 3674|
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|Traded in other countries:||TXN.Argentina, TXN.Austria, TEXA34.Brazil, TII.Germany, TXN.Mexico, TXN.Switzerland,|
Texas Instruments Inc designs and makes semiconductors that it sells to electronics designers and manufacturers. The company has two segments: Analog and Embedded Processing.
Dallas-based Texas Instruments generates about 95% of its revenue from semiconductors and the remainder from
its well-known calculators. TI is the world’s largest maker of analog chips, which are used to process real-world signals such as sound and power. TI also has a leading market share position in digital signal processors, used in wireless communications, and microcontrollers used in a wide variety of electronics applications.