Texas Instruments' stock seems to have support established along the trendlines, key resistance levels sit at $181.13 and then at $183.09.

Technicals

From a technical aspect, the stock’s share price currently sits around $176.87 a share. As highlighted on the chart, support seems to be established along the trendlines with key levels sitting at $172.27 (green trendline) and then at $167.76 (white trendline). A break below the white trendline could form a bearish trend, leading to a much lower slide towards the $160 mark. After the market close, Texas instruments is set to report quarterly earnings of $2 on revenue of $4.65bn. Therefore, this may have an influence on the price of its stock if the report is positive. Towards the upside, resistance sits at $179.02 and then followed by some key levels at $181.13 (orange oval) and at $183.09 (red oval). A break above the red ovals could see the price climb near the $186 range. On the basis of the technical indicators, on the 4 hourly timeframes, the MACD has just turned positive and RSI remains positive as it reads 57.