Texas Instruments Incorporated (TXN) stock price extended its gains in its latest intraday trading, supported by positive signals emerging from the Stochastic indicator after the stock managed to ease its overbought conditions, giving it the ability to post these cautious gains. This comes amid the dominance of a short-term corrective bearish wave, while negative pressure persists as the stock trades below its 50-day SMA, reinforcing the surrounding downside pressure.

Therefore we expect the stock price to decline during its upcoming trading sessions, as long as resistance at $201.40 remains intact, targeting the support level at $184.90.

Todays price forecast: Neutral