US stocks · New buy signal
Texas Instruments gains 5.7%: a new 30-day high, but on contracting volumes
Our view last week
Texas Instruments stock closed the week up 4.3% with 96% of volume on the buy side, the highest share in 4 weeks: the money that a week ago came in without moving the price is now lifting it, and money flow is back above zero after 5 weeks. The close and the Inversion Point, in the 278 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
This week's summary
Texas Instruments closes the week up 5.7% and sets a new 30-day high, confirmed on the weekly close. A week ago the close and the Inversion Point had crossed with no change of sign: now the Buy signal has fired, one of this week's new buy signals among tech stocks. Texas Instruments stock is rising on contracting volumes, though, and our technical analysis reads a signal of medium strength: 5 higher lows on the daily chart, positive money flow, a cautious entry.
IQS Phase
59
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#6 / 6
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Texas Instruments (TXN) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 6th among the 6 fresh Longs for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
TXN belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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