TEXTRON INC (TXT) Stock Technical Analysis
NYSE:TXT • US8832031012
Overall TXT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TXT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, TXT did better than 85% 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 however is also trading near new highs, which makes the performance in line with the market.
- In the last month TXT has a been trading in the 84.32 - 100.92 range, which is quite wide. It is currently trading near the high of this range.
- TXT has an average volume of 1834290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TXT is part of the Aerospace & Defense industry. There are 73 other stocks in this industry, TXT did better than 51% of them.
Although TXT has an excellent technical rating, it does not present a decent entry opportunity 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
78.73
We found 3 important support areas.
- A support zone ranging from 86.79 to 88.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 83.68 to 84.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @79.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 98.10 to 98.75. 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 | UP | POSITIVE | The short term trend for TXT is up. |
| ChartMill Relative Strength | 85.58 | POSITIVE | TXT has a high relative strength, it outperformed 85.58% 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) | 65.83 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests TXT has a positive trend. |
| Stochastics (14,3) | 89.78 | OVERBOUGHT | The high Stochastics value suggests TXT may be overbought. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for TXT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.55 | POSITIVE | The high ADX value value for TXT suggests a strong trend. |
98.09
-0.66 (-0.67%)
TEXTRON INC / TXT FAQ
Can you provide the ChartMill technical rating for TEXTRON INC?
ChartMill assigns a technical rating of 10 / 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 65.8271. 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 positive.
What is the support and resistance level for TXT stock?
TEXTRON INC (TXT) has a support level at 88.84 and a resistance level at 98.1. Check the full technical report for our detailed analysis of TXT support and resistance levels.