TXN has run a bunch since earnings and the passage of the semis bill in congress. Now we're seeing a bunch of technical signs the stock is going to pull back.
I would expect the stock to mean revert (and possibly overcorrect to support) over the next week (maybe 2).
- Sitting at key resistance
- Local POC (since earnings) is closer to mean from SD regression channel
- MACD started to turn over
- Stock is overbought
- ATR is decreasing quickly
I would expect the stock to mean revert (and possibly overcorrect to support) over the next week (maybe 2).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.