TEXTRON INC (TXT) Technical Analysis
NYSE:TXT • US8832031012
Current stock price
TXT Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to TXT. Although TXT is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month TXT has a been trading in the 87.35 - 100.98 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, TXT did better than 76% of all other stocks. On top of that, TXT also shows a nice and consistent pattern of rising prices.
- TXT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TXT is performing more or less in line with the market.
- TXT has an average volume of 1878660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- TXT is an average performer in the Aerospace & Defense industry, it outperforms 43% of 79 stocks in the same industry.
TXT Weekly and Daily overview Charts
TXT Setup Rating and Analysis
Although the technical rating is only medium, TXT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 87.21, a Stop Loss order could be placed below this zone.
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TXT Support and Resistance Analysis
78.63
4 important support areas can be observed.
- Support @87.21 from a horizontal line in the daily time frame.
- Support @85.48 from a trend line in the weekly time frame.
- Support @82.32 from a trend line in the daily time frame.
- A support zone ranging from 79.42 to 80.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 100.77 to 100.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
TXT Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for TXT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TXT is down. |
| ChartMill Relative Strength | 76.11 | POSITIVE | TXT has a high relative strength, it outperformed 76.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TXT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TXT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.29 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests TXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.49 | OVERSOLD | The low Stochastics value suggests TXT may be oversold. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for TXT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.43 | POSITIVE | The high ADX value value for TXT suggests a strong trend. |
TXT Chart- and CandleStick Pattern Analysis
TXT Technicals: Chart, Performance Metrics, Trend & Indicators
88.77
+0.08 (+0.09%)
TEXTRON INC / TXT TA FAQ
Can you provide the ChartMill technical rating for TEXTRON INC?
ChartMill assigns a technical rating of 4 / 10 to TXT.
Can you provide the trend direction for TEXTRON INC?
The current trend direction for TEXTRON INC (TXT) is Bearish.
Can you provide the RSI signal for TEXTRON INC?
TEXTRON INC (TXT) has an RSI value of 34.2888. This indicates that the stock is currently neutral.
What is the short term momentum for TEXTRON INC (TXT) stock?
The short term momentum for TEXTRON INC (TXT) is negative.
What is the support and resistance level for TXT stock?
TEXTRON INC (TXT) has a support level at 87.21 and a resistance level at 100.77. Check the full technical report for our detailed analysis of TXT support and resistance levels.