We conducted a detailed Elliott Wave analysis for Texas Instruments Inc. (Ticker: TXN), examining both its daily and 4-hour chart movements. This analysis aims to provide valuable insights into potential future price movements for traders and investors interested in TXN stock.

TXN Elliott Wave Analysis Trading Lounge Daily Chart,

Texas Instruments Inc., (TXN) Daily Chart

TXN Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Intermediate (1)

DIRECTION: Acceleration in wave 3.  

DETAILS: Looking for an upside in wave 3 as we seem to have had a shallow wave {c} of 2, potentially indicating a strong upward momentum.

TXN Elliott Wave Technical Analysis – Daily Chart

Texas Instruments Inc. is currently exhibiting a strong impulsive trend, characterized by a motive structure placed in Intermediate wave (1). The stock is anticipated to experience acceleration in wave 3 following a shallow wave {c} of 2. This suggests a robust upward momentum, signaling favorable conditions for bullish positions.

Texas-Instruments-In...


 

TXN Elliott Wave Analysis Trading Lounge 4Hr Chart,

Texas Instruments Inc., (TXN) 4Hr Chart

TXN Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave {i} of 3.

DIRECTION: Top in wave {i}.

DETAILS: Looking for a pullback in wave {ii} as we top in wave {i} to then look for additional longs, looking for 172$ to provide support.

TXN Elliott Wave Technical Analysis – 4Hr Chart

On the 4-hour chart, TXN's impulsive trend is further evident, with the stock positioned in Wave {i} of 3. As the stock approaches the top in wave {i}, a pullback is expected in wave {ii}. This corrective phase presents an opportunity for traders to consider additional long positions, with the key support level identified around $172.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Johnson & Johnson (JNJ) Stocks

Special Trial Offer - 0.76 Cents a Day for 3 Months!  Click here
Access 6 Analysts covering over 150 Markets. Chat Room With Support

 

Texas-Instruments-In...

Related

Uncover key validation points to boost your trading confidence: ASX Limited Elliott Wave Technical Analysis

Uncover key validation points to boost your trading confidence: ASX Limited Elliott Wave Technical Analysis

Our comprehensive Elliott Wave analysis provides an in-depth look at ASX LIMITED on the Australian S...

Read More >
Unlocking ASX Trading Success: NATIONAL AUSTRALIA BANK LIMITED - NAB Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: NATIONAL AUSTRALIA BANK LIMITED - NAB Stock Analysis & Elliott Wave Technical Forecast

This article provides a detailed Elliott Wave analysis of National Australia Bank Limited (NAB) on t...

Read More >
U.S. Dollar / Canadian Dollar (USDCAD) Elliott Wave Analysis: Bearish Trend and Forex Trading Strategy for Market Trends

U.S. Dollar / Canadian Dollar (USDCAD) Elliott Wave Analysis: Bearish Trend and Forex Trading Strategy for Market Trends

The USDCAD Elliott Wave analysis highlights a strong bearish trend, currently unfolding in orange wa...

Read More >
Elliott Wave Analysis: Strategic Trading Tips for NASDAQ, Apple, Tesla, and More

Elliott Wave Analysis: Strategic Trading Tips for NASDAQ, Apple, Tesla, and More

The updated Elliott Wave Analysis provides a comprehensive look at the current state of the stock ma...

Read More >
Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis 6 November 23

Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis 6 November 23

Pepsico Inc.(PEP:NASDAQ) Elliott Wave Technical Analysis on 6 November, with 1-hour Chart and 4-hour...

Read More >
Fortinet Inc. (FTNT) Stocks Elliott Wave Technical Analysis: Valuable Insights into FTNT’s next Price Movements and Trend

Fortinet Inc. (FTNT) Stocks Elliott Wave Technical Analysis: Valuable Insights into FTNT’s next Price Movements and Trend

This Elliott Wave analysis provides an in-depth look at Fortinet Inc. (FTNT) stock, reviewing the cu...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
-Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on