The Hourly View for TXN
Currently, TXN’s price is down $-3.21 (-1.86%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as TXN has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
TXN’s Technical Outlook on the Daily Chart
Currently, TXN’s price is down $-2.71 (-1.57%) from the day prior. TXN has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Of note is that the 20 day changed directions on TXN; it is now pointing down. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Texas Instruments Inc’s price action over the past 90 days can be seen via the chart below.
For TXN News Traders
Investors and traders in TXN may be particularly interested in the following story that came out in the past day:
DALLAS, Feb. 22, 2021 /PRNewswire/ — Texas Instruments (TI) (Nasdaq: TXN) today introduced a highly integrated Grade 0 brushless DC (BLDC) motor driver for 48-V high-power motor control systems, such as traction inverters and starter generators in mild hybrid electric vehicles (MHEVs)….
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