Texas Instruments Incorporated (TXN)

Current Price: $298.7 Date: July 1, 2026

TXN has recently shown a retracement from its recent highs, closing at $298.7 on July 1, 2026. The price action has been volatile, with fluctuations indicating potential consolidation after a strong upward move earlier in June. Despite the recent pullback, several technical indicators suggest bullish momentum could resume, while certain elements raise caution about immediate further upside.

Technical Indicator Summary Table

Moving Averages

The 20-day Simple Moving Average (SMA) at $301.09 is currently above the latest close of $298.7, indicating mild bearishness in the very short term as the price trades below this level. However, the 50-day SMA at $294.66 is still supporting price action from below, asserting medium-term bullish momentum as the price remains above it.

The 100-day SMA positioned at $252.70 underscores a solid long-term uptrend. As long as prices hold above this level, the major bullish trend remains intact, providing confidence for long-term investors.

Relative Strength Index (RSI)

The RSI is positioned at 49.98, near the neutral mark of 50. This suggests that TXN is neither overbought nor oversold, allowing room for upward movement. The RSI slightly below 50 indicates potential for a bullish reversal, and traders should look for movement back above 50 as a confirmation of resuming upward momentum.

Bollinger Bands

With the price trading just below the middle Bollinger Band ($301.09) and approaching the lower range, there is a signal of market indecision. The price's proximity to the middle band suggests potential consolidation but doesn't rule out upward potential. The bands are relatively wide, reflecting increased volatility, which might signal a larger move ahead.

MACD

The MACD line (1.49) is below the signal line (4.06), indicating a bearish crossover. This reflects short-term bearish momentum. However, the convergence of MACD values - as shown by the narrowing histogram - suggests the bearish momentum is losing strength, potentially paving the way for a bullish crossover should the MACD line cross back above the signal line.

On Balance Volume (OBV)

The On Balance Volume (OBV) has recovered to 158.57 million after a decline, aligning with the moderate recovery in price. This increase in OBV indicates returning buying interest, supporting the likelihood of the bulls regaining control if volume continues to rise alongside price.

Candlestick Patterns

Recently, TXN has seen mixed candlestick signals, with a notable bullish engulfing pattern observed on June 22, 2026, which initially propelled the stock higher. The retreat since early July suggests a pause after the strong bullish move. Current patterns on the July 1, 2026 chart do not strongly diverge from this narrative of consolidation, signaling a wait-and-see moment for the stock’s next major directional move.

Summary

The technical analysis of TXN presents a scenario of a short-term pullback within a larger bullish framework. The stock price remains above key long-term moving averages, ensuring the bullish trend is still valid. However, temporary bearish signals from the MACD and the price’s positioning below the 20-day SMA require caution.

Traders may look for confirmations such as a bullish MACD crossover or a rebound above the 20-day SMA to affirm momentum resumption. The RSI remains supportive of a potential bullish reversal. Short-term downside risk is mitigated by the 50-day SMA at $294.66, serving as a strategic entry zone should prices find support there.

For investors bullishly inclined, risk management can be exercised by setting stop-losses slightly below the 50-day SMA while targeting a return to the middle-upper Bollinger Band range at $326 as upward targets.