TEXTRON INC (TXT) Stock Technical Analysis
NYSE:TXT - New York Stock Exchange, Inc. - US8832031012 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to TXT. In the last year, TXT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
67% of all other stocks performed better in the past year than TXT.
TXT is part of the Aerospace & Defense industry. There are 65 other stocks in this industry, of which 78% are performing better than TXT.
Both the short term and long term trends are positive. This is a very positive sign.
TXT has an average volume of 1456920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TXT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TXT is lagging the market slightly.
In the last month TXT has a been trading in the 72.00 - 79.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, TXT does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
71.58
82.62
When analyzing the support we notice one important area.
- A support zone ranging from 72.30 to 73.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 77.02 to 77.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.80 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TXT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXT is up. |
| ChartMill Relative Strength | 33.57 | NEUTRAL | TXT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TXT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TXT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.84 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TXT has a negative trend. |
| Stochastics (14,3) | 59.74 | NEUTRAL | The Stochastics value for TXT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for TXT suggests low volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for TXT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 77.86 | 75.03 | 2.83 (3.63%) | 25.00% |
| An entry @77.86. This is a Buy Stop order right above the resistance zone. | An exit @75.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.83 points, which is 3.63%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
76.98
+0.37 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.48%
1 Week-1.05%
2 Weeks3.33%
1 Month4.91%
3 Month5.34%
6 Month0.17%
12 Month-11.25%
2 Year13.83%
3 Year26.05%
5 Year133.91%
10 Year72.48%
15 Year353.62%
Volatility
ATR(14)1.48
ATR(20)%1.9%
ATR Inc-2.12%
Range Today1.27
ADR(20)1.35
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.57
Mansfield-0.7
10 Day High79.55
10 Day Low75.04
20 Day High79.55
20 Day Low72
52 Week High94.57
52 Week Low57.7
CS1 End73.95
CR1 Start77.02
Volume & EV
DER(3)1.55%
DER(5)2.49%
Volume3.14M
Volume Incr73.58%
Vol(5)1.94M
Vol(50)1.46M