Texas Instruments (TXN) Elliott Wave Analysis – Trading Lounge Daily Chart

TXN Elliott Wave Technical Analysis – Daily Chart

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave (3) of 5
• Direction: Upside in wave (3)
• Details: TXN is continuing higher within Primary Wave 5, following the largest correction seen since late 2023. The stock is in an impulsive uptrend, suggesting further bullish momentum as wave (3) unfolds.

Texas Instruments (TXN) Elliott Wave Analysis – Trading Lounge 1-Hour Chart

TXN Elliott Wave Technical Analysis – 1H Chart

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave {i} of 1
• Direction: Top in wave {i}
• Details: The most recent uptrend from the $176 low appears to be in a corrective phase above $200. We anticipate a pullback toward the $200 area as part of wave {ii}, before resuming a bullish continuation.

TXN Elliott Wave Overview

• Daily Chart: TXN remains in an impulsive bullish structure, progressing through wave (3) of Primary Wave 5. Following a significant correction in 2023, the stock is poised for further upside.
• 1-Hour Chart: TXN is forming wave (iv) above $200, with a potential pullback into wave {ii} before the next bullish leg higher.

Technical Analyst : Alessio Barretta

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