Short-term downsideTXN 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).