TXN superior above $230 to a attain a recent document excessive. How additional upside might it go within the near-term? At present, a pullback has emerged in opposition to the long-term bullish cycle. The place ought to merchants place to purchase once more?
Texas Devices (TXN) is a worldwide semiconductor firm recognized for designing and manufacturing analog and embedded processing chips. Its merchandise are utilized in every thing from industrial gear to non-public electronics, enjoying a crucial position in powering trendy expertise. Constant innovation and a powerful market presence make it a intently watched inventory within the tech sector.
TXN completed its prolonged grand supercycle wave ((II)) in October 2002, reaching a low round $13. Following that, the inventory initiated a big advance spanning 20 years as grand supercycle wave ((III)) progressed. Wave (I) of ((III)) reached its highest level in August 2007 at $39.6, adopted by a considerable wave (II) correction that pushed costs right down to roughly $13.4 by December 2008.
The next main uptrend—wave (III)—began in December 2008. TXN demonstrated a powerful bullish development after exceeding its earlier all-time excessive from March 2000 at $99.8, finally hitting a brand new excessive of $202.2 in October 2021. This peak concluded wave III of (III) of ((III)). A corrective wave IV adopted, persevering with till October 2023, after which the inventory continued its upward motion and recorded a brand new excessive of $220.38 in November 2024.
Ranging from the November 2024 peak, TXN retraced in a 7-swing sample to finish wave ((2)) of V. That correction ended on the blue-box assist stage, the place, as anticipated, patrons re-entered the market. The inventory then strongly rebounded in a transparent 5-wave advance, ending wave (1) of ((3)) on July 11, 2025. On September 14, we introduced the each day chart under, highlighting the blue field the place merchants ought to look to re-enter.
In our final replace, the chart under confirmed a swift response from the blue field, confirming the top of wave (2) of ((3)).
We anticipated a sustained rally in a brand new bullish cycle for wave (3) of ((3)), breaking into a brand new document excessive. After simply 10 weeks, the bulls remained robust, and the inventory achieved a brand new document excessive, as anticipated. The chart under exhibits the most recent TXN each day chart.
TXN Elliott Wave Evaluation (Day by day Chart) – twenty fifth February, 2025
As the most recent each day chart above exhibits, the inventory has breached a brand new document excessive as wave (3) develops from the November 2025 low. At present, the worth is exactly at wave (iv) of ((iii)) of 1 of (3). Subsequently, wave (3) nonetheless has appreciable room to run, presenting potential buying and selling alternatives for Elliott Wave merchants. The technique is easy: purchase the dips. Moreover, a pullback has emerged in a shorter cycle. The H4 chart under signifies the blue field zone the place wave (iv) might full, paving the best way for the subsequent short-term bullish transfer as half of a bigger bullish development.
TXN Elliott Wave Evaluation (4/Hour Chart) – twenty fifth February, 2025
The chart above exhibits the rising wave (iv) with a blue field zone between 207.26 and 196.78. Patrons might set up new positions right here, anticipating not less than a 3-swing bounce. As that is the 4th wave in a powerful bullish cycle, the pullback just isn’t anticipated to be important, making this one other potential worthwhile commerce. You will get related evaluation and blue packing containers throughout all time frames on the 78 devices we at present cowl.
Supply: https://elliottwave-forecast.com/stock-market/txn-pullback-shortterm-bluebox/