Texas Instruments Inc (TXN) stock on track to stage next rally as pullback tests trendline with bullish implications.

Texas Instruments (TXN) stock has lost 15.8% from its all-time high but may be due for a rally. The stock is 0.75 of the 80-day moving average's 20-day ATR, a signal that has occurred 16 times in the past 10 years, with the stock being higher one month later 87% of the time. Short-term options traders are bearish, but the Schaeffer's Volatility Index (SVI) is low, suggesting low volatility expectations. The Schaeffer's Volatility Scorecard (SVS) is 99 out of 100, indicating that the stock has realized higher volatility than its options have priced in.