Texas Instruments stock price (TXN) fell in the intraday levels with negative signals from the RSI after reaching overbought levels, with the stock collecting profits and gathering positive momentum to rise anew, amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher and target the resistance of $203.65 anew, provided the support of $186.30 holds on.

Trend forecast: Likely Bullish