TEXTRON INC (TXT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:TXT • US8832031012
Taking everything into account, TXT scores 9 out of 10 in our technical rating. 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 term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, TXT did better than 80% 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 however is currently trading near a new high, so TXT is lagging the market slightly.
- TXT has an average volume of 1737620 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 47% of 72 stocks in the same industry.
- In the last month TXT has a been trading in the 84.32 - 96.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although TXT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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78.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 87.05 to 89.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.24 to 83.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 95.00 to 96.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for TXT is neutral. |
| ChartMill Relative Strength | 80.45 | POSITIVE | TXT has a high relative strength, it outperformed 80.45% off all stocks 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) | UP | POSITIVE | The current price of TXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.29 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests TXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.68 | NEUTRAL | The Stochastics value for TXT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for TXT suggests some volalility. |
| Average Directional Index/ADX (14) | 31.52 | POSITIVE | The high ADX value value for TXT suggests a strong trend. |
92.85
+2.12 (+2.34%)
TEXTRON INC / TXT FAQ
Can you provide the ChartMill technical rating for TEXTRON INC?
ChartMill assigns a technical rating of 9 / 10 to TXT.
Can you provide the trend direction for TEXTRON INC?
The current trend direction for TEXTRON INC (TXT) is Bullish.
Can you provide the RSI signal for TEXTRON INC?
TEXTRON INC (TXT) has an RSI value of 56.2936. 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 neutral.
What is the support and resistance level for TXT stock?
TEXTRON INC (TXT) has a support level at 89.01 and a resistance level at 95. Check the full technical report for our detailed analysis of TXT support and resistance levels.