TEXTRON INC (TXT)

US8832031012 - Common Stock

94.02  +2.93 (+3.22%)

After market: 94.46 +0.44 (+0.47%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to TXT. In the last year, TXT was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the yearly performance of all stocks, we notice that TXT is one of the better performing stocks in the market, outperforming 80% of all 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.
In the last month TXT has a been trading in the 84.51 - 94.27 range, which is quite wide. It is currently trading near the high of this range.
TXT is an average performer in the Aerospace & Defense industry, it outperforms 58% of 63 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Weekly and Daily overview Charts
TXT Weekly chart
TXT Daily chart
Setup Rating and Analysis

0

Although TXT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

Support and Resistance Analysis

70.13

97.95

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 84.59 to 88.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @75.50 from a horizontal line in the daily time frame.
  • Support @70.84 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 96.65 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
CRS80.19
Mansfield-0.33
10 Day High94.27
10 Day Low84.51
20 Day High94.27
20 Day Low84.51
52 Week High97.34
52 Week Low67.04
Performance
1 Week10.44%
2 Weeks10.13%
1 Month10.29%
3 Month0.77%
6 Month19.33%
12 Month39.02%
2 Year43.24%
3 Year36.24%
5 Year90.71%
10 Year158.51%
15 Year599.55%
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)0.86
RSI(14)74.37
LBB82.21
UBB92.15
TXT Daily chart

TEXTRON INC

NYSE:TXT (7/16/2024, 7:04:00 PM)

After market: 94.46 +0.44 (+0.47%)

94.02

+2.93 (+3.22%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg3.22%
1 Week10.44%
2 Weeks10.13%
1 Month10.29%
3 Month0.77%
6 Month19.33%
12 Month39.02%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.54
ATR(20)%1.57%
ATR Inc
Range Today3.08
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 High94.27
10 Day Low84.51
20 Day High94.27
20 Day Low84.51
52 Week High97.34
52 Week Low67.04
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.50M
Volume Incr2.07%
Vol(5)1.02M
Vol(50)965.22K