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 67% are performing better than TXT.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month TXT has a been trading in the 72.98 - 81.23 range, which is quite wide. It is currently trading near the high of this range.
TXT has an average volume of 1504750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TXT turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
TXT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TXT is lagging the market.
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.
More info and screens
72.19
82.14
2 important support areas can be observed.
- A support zone ranging from 76.98 to 79.10. 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.
We found 1 important resistance area.
- A resistance zone ranging from 80.99 to 81.33. 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 | 63.14 | 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) | 73.62 | OVERBOUGHT | The high RSI value suggests TXT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests TXT has a positive trend. |
| Stochastics (14,3) | 88.07 | 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) | 27.24 | 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)
80.98
+0.69 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.86%
1 Week2.82%
2 Weeks4.84%
1 Month10.13%
3 Month33.37%
6 Month6.93%
12 Month-4.68%
2 Year4.13%
3 Year23.37%
5 Year131.77%
10 Year85.31%
15 Year290.08%
Volatility
ATR(14)1.65
ATR(20)%1.92%
ATR Inc13.35%
Range Today2.86
ADR(20)1.49
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
CRS63.14
Mansfield-0.53
10 Day High81.23
10 Day Low76.27
20 Day High81.23
20 Day Low72.98
52 Week High94.57
52 Week Low57.7
CS1 End78.48
CR1 Start80.35
Volume & EV
DER(3)1.59%
DER(5)0.72%
Volume1.49M
Volume Incr13.05%
Vol(5)1.64M
Vol(50)1.50M