How to trade Texas Instruments TXN

September 26, 2021, 9:15 p.m. ET, BY Barry C. – Contributor | Publisher: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for TXN

• Buy TXN on 199.06 target 208.65 stop loss @ 198.49 Details

Summary technical data tells us to buy TXN near 199.06 with a bullish target of 208.65. This data also tells us to set a stop loss @ 198.49 to protect against an excessive loss in case the stock starts to move against the trade. 199.06 is the first level of support below 200.65, and by rule, any test of support is a buy signal. In this case the 199.06 support is being tested, a buy signal would exist.

• Short TXN under 208.65, target 199.06, stop loss @ 209.25 Details

Technical summary data suggests a short sell of TXN as it moves closer to 208.65 with a bearish target of 199.06. We should however have a stop loss in place at 209.25. 208.65 is the first resistance level above 200.65, and by rule, any resistance test is a short signal. In this case, if resistor 208.65 is tested, a short signal would exist.

Swing Trading Plans for TXN

• Buy TXN on 201.04, target 208.65, Stop Loss @ 200.46 Details

If 201.04 starts to break higher, technical summary data tells us to buy TXN just above 201.04, with a bullish target of 208.65. The data also tells us to set a stop loss @ 200.46 in case the stock turns against the trade. 201.04 is the first resistance level above 200.65, and by rule, any breakout above resistance is a buy signal. In this case 201.04 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short TXN near 201.04, target 199.06, Stop Loss @ 201.62. Details

Technical summary data suggests a short sell of TXN if it tests 201.04 with a bearish target of 199.06. We should have a stop loss in place at 201.62 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 201.04, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for TXN

• Buy TXN on 201.04, target 202.16, Stop Loss @ 200.57 Details

If 201.04 starts to break higher, technical summary data tells us to buy TXN just above 201.04, with a bullish target of 202.16. The data also tells us to set a stop loss @ 200.57 in case the stock turns against the trade. 201.04 is the first resistance level above 200.65, and by rule, any breakout above resistance is a buy signal. In this case 201.04 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short TXN near 201.04, target 199.06, Stop Loss @ 201.51. Details

Technical summary data suggests a short sell of TXN if it tests 201.04 with a bearish target of 199.06. We should have a stop loss in place at 201.51, in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 201.04, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

TXN Technical Summary | Raw data for trading plans

This report provides trading strategies for Texas instruments (NYSE: TXN) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of publication, but the support and resistance levels for TXN change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if TXN is testing the surface of support buy signals, and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate between Day Trading, Swing Trading and Long Term Investment Plans for TXN as well. All these elements are proposed under the summary table.