TEXTRON INC (TXT) Stock Technical Analysis
NYSE:TXT - New York Stock Exchange, Inc. - US8832031012 - Common Stock - Currency: USD
Taking everything into account, TXT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TXT is only an average performer.
TXT is part of the Aerospace & Defense industry. There are 65 other stocks in this industry, of which 68% are performing better than TXT.
The long and short term trends are both positive. This is looking good!
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.
In the last month TXT has a been trading in the 75.75 - 85.28 range, which is quite wide. It is currently trading near the high of this range.
TXT has an average volume of 1423110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TXT outperforms 64% of them, which is more or less in line with the market.
Although TXT has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
72.19
85.87
We found 3 important support areas.
- A support zone ranging from 80.03 to 82.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 76.43 to 77.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @72.92 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for TXT is up. |
| ChartMill Relative Strength | 64.62 | NEUTRAL | TXT is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TXT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 78.44 | OVERBOUGHT | The high RSI value suggests TXT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests TXT has a positive trend. |
| Stochastics (14,3) | 96 | OVERBOUGHT | The high Stochastics value suggests TXT may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for TXT suggests low volalility. |
| Average Directional Index/ADX (14) | 32.66 | POSITIVE | The high ADX value value for TXT suggests a strong trend. |
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)
85.02
-0.21 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.25%
1 Week3.39%
2 Weeks5.93%
1 Month10.7%
3 Month29.45%
6 Month12.39%
12 Month-4.25%
2 Year9.32%
3 Year29.52%
5 Year143.33%
10 Year94.55%
15 Year309.54%
Volatility
ATR(14)1.64
ATR(20)%1.92%
ATR Inc24.78%
Range Today1.09
ADR(20)1.57
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.62
Mansfield-0.12
10 Day High85.28
10 Day Low78.37
20 Day High85.28
20 Day Low75.75
52 Week High94.57
52 Week Low57.7
CS1 End82.2
CR1 StartN/A
Volume & EV
DER(3)0.07%
DER(5)-0.08%
Volume1.17M
Volume Incr-12.38%
Vol(5)1.35M
Vol(50)1.42M