Short-term downside

TXN has run a bunch since earnings and the passage of the semis bill in congress. Now we're seeing a bunch of technical signs the stock is going to pull back.
  • Sitting at key resistance
  • Local POC (since earnings) is closer to mean from SD regression channel
  • MACD started to turn over
  • Stock is overbought
  • ATR is decreasing quickly

I would expect the stock to mean revert (and possibly overcorrect to support) over the next week (maybe 2).
Technical Indicators

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