TEXTRON INC (TXT)
US8832031012 - Common Stock
We assign a technical rating of 10 out of 10 to TXT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TXT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, TXT did better than 88% of all other stocks. On top of that, TXT also shows a nice and consistent pattern of rising prices.
TXT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TXT is leading the market.
TXT has an average volume of 1096180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TXT is an average performer in the Aerospace & Defense industry, it outperforms 68% of 64 stocks in the same industry.
In the last month TXT has a been trading in the 91.81 - 97.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TXT also presents a decent setup pattern. Prices have been consolidating lately. 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. There is a support zone below the current price at 94.75, a Stop Loss order could be placed below this zone. 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
68.54
97.95
5 important support areas can be observed.
- A support zone ranging from 91.33 to 94.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @85.30 from a trend line in the weekly time frame.
- Support @82.50 from a trend line in the daily time frame.
- Strong support @74.73 from a horizontal line in the daily time frame.
- Support @69.23 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.42
Mansfield1.09
10 Day High96.14
10 Day Low91.81
20 Day High97.34
20 Day Low91.81
52 Week High97.34
52 Week Low61.27
Performance
1 Week2.19%
2 Weeks-1.07%
1 Month-0.46%
3 Month12.32%
6 Month26.62%
12 Month42.34%
2 Year37.59%
3 Year48.32%
5 Year79.77%
10 Year132.96%
15 Year787.98%
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)-0.34
RSI(14)59.21
LBB91.49
UBB97.52
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 |
|---|---|---|---|
| 96.99 | 91.80 | 5.19 (5.35%) | 18.69% |
| An entry @96.99. This is a Buy Stop order right above the resistance zone. | An exit @91.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.19 points, which is 5.35%. | For a 1.00% total portfolio risk, you can invest 18.69% 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.
TEXTRON INC
NYSE:TXT (4/24/2024, 8:43:03 AM)
95.59
+0.31 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.33%
1 Week2.19%
2 Weeks-1.07%
1 Month-0.46%
3 Month12.32%
6 Month26.62%
12 Month42.34%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.56
ATR(20)%1.44%
ATR Inc
Range Today0.56
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 High96.14
10 Day Low91.81
20 Day High97.34
20 Day Low91.81
52 Week High97.34
52 Week Low61.27
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume50.24K
Volume Incr-3.63%
Vol(5)1.02M
Vol(50)1.10M