TXN closes within previous day's range after lackluster session

Texas Instruments Incorporated (TXN) Technical Analysis Report for Apr 16, 2019 | by Techniquant Editorial Team


TXN closes within previous day's range after lackluster session


TXN finished Tuesday at 116.37 gaining $1.28 (1.11%), outperforming the Nasdaq 100 (0.34%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session.

Daily Candlestick Chart (TXN as at Apr 16, 2019):

Daily technical analysis candlestick chart for Texas Instruments Incorporated (TXN) as at Apr 16, 2019

Tuesday's trading range has been $1.22 (1.05%), that's far below the last trading month's daily average range of $2.08. Weekly volatility is also lower, being below the market's average weekly trading range. The longer-term, monthly volatility is currently higher than usual for TXN.

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Buying could accelerate should prices move above the close-by swing high at 117.37 where further buy stops might get triggered. 2018's high at 120.75 is within reach and we could see further upside momentum should the share manage to break out beyond.

Market Conditions for TXN as at Apr 16, 2019

Loading Market Conditions for TXN (Texas Instruments Incorporated)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Texas Instruments Incorporated traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!