Massive Inverted H&S on TXN Weekly. Reports after close on 7/23Lots of 7/26 calls bought on 7/19 vs. open interest on the 117, 119 & 120 strikes. Longer term target 150 on a clear break of 124.50.
TXND trade ideas
Texas Instruments is forming a huge inverse H&S, $120 neckline.TEXAS INSTRUMENTS INC. NASDAQ ($TXN). To look at the chart you would not associate it with a stock in the Semiconductor sector, after the declines in 2018 it has now rallied 30% from the lows and is hitting at the door of a major breakout. From a technical perspective the weekly chart has developed what appears to be a inverse H&S in conjunction with the RSI. The remaining indicators are setting up bullish with the exception of the Momentum indicator which is a worry as it lags as does the volume profile.
So as to get a breakout there needs to be a serious increase in volume to cross the $120 neckline and maintain a rally to the $140 level.
AVERAGE ANALYSTS PRICE TARGET $116
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 21
SHORT INTEREST 2%
COMPANY PROFILE
Texas Instruments Incorporated engages in the design and manufacture semiconductor solutions for analog and digital embedded and application processing. It operates through the following two segments: Analog & Embedded Processing. The Analog segment semiconductors change real-world signals such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. The Embedded Processing segment designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. The company was founded by Cecil H. Green, Patrick Eugene Haggerty, John Erik Jonsson and Eugene McDermott in 1930and is headquartered in Dallas, TX.
TXN Position Opportunity -- Swing / Long Term TradeEntry < 105
Protective Stop < 100
Safety Target 112.50
Final Target 127.50
Support with 200 EMA and 200 SMA + Weekly Uptrend
Breaking Highs
Unfilled orders between 105 and 100 (UFOs green)
TXN: Top of range of bearish megaphone patternOver the same time fame as the TSMC channel, TXN has been trading in a bearish megaphone pattern and has hit the $117 top of range level for the 6x. No reason to believe the 6th time would be any different from the earlier 5 occurrences.
TXN BreakoutTXN has tested all time high resistance over three times and is heading up to its 4th test. With each test, the resistance gets weaker, leading me to believe we will see a breakout of roughly 6% for swing trading purposes where I would take profit. The market and major index's have been choppy over the last week and have made new highs then have been slightly retracing. I believe there is a little left of this rally for this breakout buy, but take profits before its too extended.
$TXN This is a pivotal earnings report for the entire market. Tonight's earnings report from Texas Instruments must not be underestimated in importance. It will be pivotal for the continued stimulus and optimism in the tech sector which has once again powered the recovery from the December lows. We would love to be very optimistic on the name as we hold NVDA and AMD but we are quite worried about the implications of a miss on earnings and even more so in negative earnings projections. IF it jumps the market will rally with it and vise versa.
TXN - Analog Chip maker investing in new technologyTXN shows a cross-over on MACD at Fibonacci Retracement 0.500 and on 1 hr. chart likely having a short dip below $97 entry area. Recently increased their dividend nicely over last 5 years as well.
Been watching them invest in R&D and they have chips in growing markets for 5G, automotive, communication and industrial.
In the last 12 months, TXN has returned all of free cash flow back to shareholders and increasing the dividend by 24% and repurchasing another $12B in its own stock.
Investors come to own conclusions. More VIX challenges ahead on the short likely. $US still holding.
Aggressive swing setup on TXN to the 200 day smaReally like today's candle. Would like to see a retest of the low of January 29th candle to get into some March $100 calls at $4.10 with a $1 stop.
Let's see what she does next week :-)
$TXN Texas Instruments Short - Bearish Options Activity$TXN Texas Instruments forming into a descending triangle on the weekly chart. Rejected off the 20d ema line resistance last week.
Targeting a move down to the $84.00-$88.00 range by March (assuming unimpressive or worse earnings report late January). Could possibly see us going as low as ~$80.00 to tag the 200d ema line.
Also of note - unusual bearish options activity today with 2k $97.50 strike (in-the-money) Feb. 15th put options traded for about $1M in premium.
Note: Informational analysis, not investment advice.
TXN 5 WEEK SYMMETRICAL TRIANGLE REVERSALTEXAS INSTRUMENTS SYMMETRICAL TRIANGLE REVERSAL PATTERN FORMED AND BREAKOUT HAPPENED.
PROFIT TARGET: 105
STOP LOSS: 98
Short TXN (Maybe a short til 2020)Long term short to 80, 60, 40. It will need some time but the levels will reach by 2020.
Iron Condor for TXN The stock might stay between 102 and 116. Option orders for Iron Condor
-1 TXN $102 Put 10/26 Sell
+1 TXN $100 Put 10/26 Buy
+1 TXN $118 Call 10/26 Buy
-1 TXN $116 Call 10/26 Sell
[TXN] Phase 4 -> Don't buyThe price is below to MM30 and it's clearly a phase 4, the RSI is low so don't buy.
TXN, $TXNP/E = 21.08 , EPS = 4.36 , P/S = 5.78 , P/B = 8.77
TXN dividends and EPS is growing year after year.
Semiconductorbroadline average:
P/E = 11.2
EPS = 0.87
P/S = 5.57
P/B = 3.77
TXN reversal of downtrend.1) The RSI on daily chart indicates that TXN is oversold
2) It should bounce down before going back up
Trade Idea TXNApple may have given Texas Instruments more love with latest iPhone
Brian Womack
American City Business Journals•September 26, 2018
Texas Instruments Inc. (NYSE: TXN) may have fared better with the Apple Inc.'s latest iPhones. The semiconductor company, which makes various products for an array of industries, is supplying a couple of components that help with processes around power management and battery charging in the new iPhone XS and iPhone XS Max. That's according to a new report by iFixit, which tears down new gadgets to see which companies are getting parts into devices. The Apple handset, which is released each September, always gets attention in the industry given the handset’s longstanding popularity.
