TXN stock: buy or sell?
Nov 24th, 2020
TXN stock brief
- Texas Instruments stock inched 1.23% to close at $159.35 on the stock market on Tuesday.
- The stock is configuring an uptrend pattern since last March, when it bottomed at $91.08. Up to date, the uptrend marked a 74.96% profit since the beginning of this rally
- Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing.
Should I buy Texas Instruments stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $TXN stock a buy?
In the current situation of Texas Instruments there is just one buy setup eligible:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at all-time highs is that shares price doesn't have upper resistances, and usually it scales rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is always important. Price is now at 3.31% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $164.63. Place your stop-loss at $148.17
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$164.63||$148.17||10.00%|
Should I sell Texas Instruments stock?
"To sell or not to sell", if you are holding Texas Instruments stock?. Just as when we have to buy shares, deciding when is the best time to sell is not a fickle decision, and we must follow our own trading strategy. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for shorting Texas Instruments stock
As a rule of thumb, you should not keep a trade that generates greater losses than those expected upon purchase. When to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Texas Instruments stock?
Currently, Texas Instruments stock doesn't match any of our preferred sell setups, so if you hold Texas Instruments stock and your operation is in profit probably is not time to sell now
Texas Instruments ratings
We don't have any rating posted in the last month for Texas Instruments
Texas Instruments stock analysis
Since last March, Texas Instruments has been drawing an uptrend that by now marked an amazing 74.96%. The price line shows higher peaks and higher troughs, and along the way gave some buy points for those who wanted to invest. Latest low was in late October, when price bounced at $140.75. Like in all uptrends, price needs to rest and currently price is moving in a range between $164.63 and $140.75
Supports and resistances
The current resistances are:
The current supports are:
The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-October after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Tuesday was 61.56. Texas Instruments price exploded a 3.89% since RSI lost the overbought zone
Texas Instruments stock price history
Texas Instruments went public on Jun 1st, 1972 at $0.00 per share1. Since then, TXN stock surged by -, with an average of 0.00% per year. If you had invested $1,000USD in Texas Instruments stock on the IPO, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Texas Instruments stock
Nobody knows how much a stock will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by brokerage institutions in the last month. Again, these predictions are not direct recommendations for individual traders and must not be followed blindly.
In the previous 30 days we couldn't find any price target posted for Texas Instruments stock.
Earnings and financials
Texas Instruments Incorporated ($TXN) came out with quarterly earnings of $1.45 per share in mid-October, upping the analysts consensus estimate of $1.27 per share. This quarterly report represents an earnings surprise of 14.17%. Predicted revenue for Q3 was $3.4 billion but Texas Instruments improved by 11.28%, posting $3.8 billion.This compares to Earnings of $1.49 per share same quarter last year, so posted EPS is a drop of -2.68%. Looking at turnover, figures only moved compared to $37.7B same quarter a year ago.
TXN ($TXN) is presenting earnings report next January. Expected Earnings per Share for this quarter is $1.32, compared to $1.45 that was reported for Q3.
Texas Instruments competitors
Texas Instruments is part of the Semiconductors industry, where it has 47 industry peers.
The following are Texas Instruments most relevant competitors:
|Company||Market cap||Rating||Bullish ratings1|
|Texas Instruments ($TXN)||$145.5B|
|Taiwan Semiconductor ($TSM)||$419.8B||Neutral||0|
1 In the last 30 days.
Texas Instruments performance
To better understand Texas Instruments performance you must compare its gains with other related stocks in same sector or industry.. For Texas Instruments, the benchmark is made against Taiwan Semiconductor, NVIDIA, Intel, Qualcomm, Broadcom and AMD.
|Texas Instruments ($TXN)||8.70%||12.20%||38.30%|
|Taiwan Semiconductor ($TSM)||12.50%||21.40%||93.10%|
Please read:The comments given in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the individual scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for informational purposes only
|Tuesday, November 24th, 2020|
|Day range||$156.69 - $159.46|
|Average true range||$5.25|
|50d mov avg||$147.56|
|100d mov avg||$140.96|
|200d mov avg||$127.14|
|Earnings date||January 20th, 2021|