TEXTRON INC (TXT)

US8832031012 - Common Stock

92.06  +0.77 (+0.84%)

After market: 91.5 -0.56 (-0.61%)

Technical Rating and Analysis

10

Overall TXT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TXT has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TXT did better than 76% of all other stocks. We also observe that the gains produced by TXT over the past year are nicely spread over this period.
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.
In the last month TXT has a been trading in the 84.51 - 94.56 range, which is quite wide. It is currently trading near the high of this range.
TXT has an average volume of 1000210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TXT is part of the Aerospace & Defense industry. There are 66 other stocks in this industry, TXT did better than 56% of them.
Weekly and Daily overview Charts
TXT Weekly chart
TXT Daily chart
Setup Rating and Analysis

6

Besides having an excellent technical rating, TXT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 96.25. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

70.26

97.95

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 87.77 to 89.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 84.59 to 86.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @70.97 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 96.25 to 96.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.45
Mansfield-0.17
10 Day High94.57
10 Day Low88.82
20 Day High94.57
20 Day Low84.51
52 Week High97.34
52 Week Low73.78
Performance
1 Week1.92%
2 Weeks3.68%
1 Month6.62%
3 Month6.42%
6 Month8.52%
12 Month20.53%
2 Year40.25%
3 Year33.4%
5 Year86.73%
10 Year153.12%
15 Year584.97%
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)
Technical Indicators
MACD(12,26,9)0.23
RSI(14)59.33
LBB85.6
UBB95.26
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
94.5888.815.77 (6.10%)16.41%
An entry @94.58. This is a Buy Stop order right above the 10 day high.An exit @88.81. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 5.77 points, which is 6.10%.When investing 16.41% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
TXT Daily chart

TEXTRON INC

NYSE:TXT (7/26/2024, 7:04:06 PM)

After market: 91.5 -0.56 (-0.61%)

92.06

+0.77 (+0.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.84%
1 Week1.92%
2 Weeks3.68%
1 Month6.62%
3 Month6.42%
6 Month8.52%
12 Month20.53%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.11
ATR(20)%2.03%
ATR Inc
Range Today1.13
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High94.57
10 Day Low88.82
20 Day High94.57
20 Day Low84.51
52 Week High97.34
52 Week Low73.78
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume743.20K
Volume Incr-18.26%
Vol(5)936.77K
Vol(50)1.00M