Texas Instruments’ stock price (TXN) fell in the intraday levels, while preparing to pierce the pivotal support of $180.00, amid the dominance of the downward correctional trend in the short term, coupled with negative pressure due to trading below the 50-day SMA, and countered with positive signals from the RSI after reaching oversold levels, curbing upcoming losses. 

 

Therefore we expect more losses for the price, provided the aforementioned support of $180.00 was breached, thus targeting the next one at $166.90.

 

Trend forecast for today: Bearish