TEXTRON INC (TXT) Technical Analysis
NYSE:TXT • US8832031012
Current stock price
TXT Technical Rating and Analysis
Taking everything into account, TXT scores 2 out of 10 in our technical rating. 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 85.61 - 95.77 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, TXT did better than 78% of all other stocks.
- TXT has an average volume of 1815660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- TXT is an average performer in the Aerospace & Defense industry, it outperforms 50% of 79 stocks in the same industry.
- 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.
- Considerably lower volume is observed in the last couple of days.
TXT Weekly and Daily overview Charts
TXT Setup Rating and Analysis
TXT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 87.47, a Stop Loss order could be placed below this zone.
More info and screens
TXT Support and Resistance Analysis
78.73
We found 3 important support areas.
- A support zone ranging from 85.95 to 87.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.76 from a trend line in the daily time frame.
- Support @79.53 from a horizontal line in the daily time frame.
We found 1 important resistance 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 | 78.19 | POSITIVE | TXT has a high relative strength, it outperformed 78.19% 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) | DOWN | NEGATIVE | The current price of TXT is below a declining 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) | 40.25 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests TXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.16 | NEUTRAL | The Stochastics value for TXT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for TXT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.66 | 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
88.05
-0.86 (-0.97%)
TEXTRON INC / TXT TA FAQ
Can you provide the ChartMill technical rating for TEXTRON INC?
ChartMill assigns a technical rating of 2 / 10 to TXT.
What is the current trend direction of TEXTRON INC (TXT) stock?
The current trend direction for TEXTRON INC (TXT) is Bearish.
What is the RSI signal for TXT stock?
TEXTRON INC (TXT) has an RSI value of 40.2474. This indicates that the stock is currently neutral.
What is the MACD signal for TXT stock?
The MACD indicator for TEXTRON INC (TXT) has a value of -0.157467, indicating a bearish trend.