TEXTRON INC (TXT)

US8832031012 - Common Stock

85.22  +0.64 (+0.76%)

After market: 85.22 0 (0%)

Technical Rating and Analysis

7

Overall TXT gets a technical rating of 7 out of 10. 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.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TXT has an average volume of 1200910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TXT did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TXT is an average performer in the Aerospace & Defense industry, it outperforms 60% of 64 stocks in the same industry.
Weekly and Daily overview Charts
TXT Weekly chart
TXT Daily chart
Setup Rating and Analysis

7

TXT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.

  • 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.
Support and Resistance Analysis

67.35

88.59

4 important support areas can be observed.

  • A support zone ranging from 81.08 to 82.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @79.39 from a trend line in the daily time frame.
  • A support zone ranging from 74.36 to 75.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @68.03 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 86.01 to 87.71. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS74.05
Mansfield0.21
10 Day High88.41
10 Day Low84
20 Day High88.41
20 Day Low82.11
52 Week High88.41
52 Week Low61.27
Performance
1 Week-0.91%
2 Weeks-1.01%
1 Month7.42%
3 Month8.71%
6 Month13.29%
12 Month15.85%
2 Year16.53%
3 Year69.29%
5 Year56.94%
10 Year114.66%
15 Year1408.32%
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)-0.4
RSI(14)54.4
LBB84.39
UBB88.06
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
86.4183.992.42 (2.80%)25.00%
An entry @86.41. This is a Buy Stop order right above the 10 day moving average.An exit @83.99. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.42 points, which is 2.80%.For a 0.70% total portfolio risk, you can invest 25.00% 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.
TXT Daily chart

TEXTRON INC

NYSE:TXT (2/21/2024, 7:12:39 PM)

After market: 85.22 0 (0%)

85.22

+0.64 (+0.76%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.76%
1 Week-0.91%
2 Weeks-1.01%
1 Month7.42%
3 Month8.71%
6 Month13.29%
12 Month15.85%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.39
ATR(20)%1.97%
ATR Inc
Range Today1.57
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 High88.41
10 Day Low84
20 Day High88.41
20 Day Low82.11
52 Week High88.41
52 Week Low61.27
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.02M
Volume Incr-1.2%
Vol(5)1.28M
Vol(50)1.20M