Ripple shakes off negative pressure - Analysis - 29-09-2026

Texas Instruments Incorporated (TXN) advanced in recent intraday trading, reaching the $280.00 resistance level, which had been our previous price target. The stock continues to benefit from having overcome the resistance of its 50-day Simple Moving Average (SMA), relieving a key source of negative pressure and paving the way for further gains. The positive outlook is also supported by a bullish technical formation developing over the short term, represented by a falling wedge pattern. However, momentum indicators have begun generating bearish signals after reaching extremely overbought territory, which could limit the stock's gains in the near term.

Johnson Controls International plc (JCI) edged lower in recent intraday trading as the current resistance level at $150.00, which had been our previous price target, continues to hold. The pullback allows the stock to take profits from its previous gains while working off some of its clearly overbought conditions on the momentum indicators, particularly as a bearish crossover begins to emerge. This could help the stock rebuild positive momentum needed to break above that resistance and resume its gains. Meanwhile, the stock continues to benefit from trading above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the stability and dominance of the primary medium-term uptrend. Price action also continues to follow a minor ascending trendline that supports the prevailing bullish bias.

Intuitive Surgical, Inc. (ISRG) extended its gains in recent intraday trading, successfully breaking above the key resistance level at $405.00, which had been our previous price target. The stock continues to benefit from an earlier breakout above a short-term descending price channel that had previously restricted its price action. Positive pressure also persists as the stock continues to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and strengthening the prospects for extending these gains in the near term.