TEXTRON INC (TXT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TXT - US8832031012 - Common Stock
88.74 USD
-1.48 (-1.64%)
89.65 USD
+0.91 (+1.03%)
Overall TXT gets a technical rating of 8 out of 10. Although TXT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
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.
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 1429440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TXT is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TXT is part of the Aerospace & Defense industry. There are 71 other stocks in this industry, TXT did better than 45% of them.
Besides having an excellent technical rating, TXT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
78.63
91.79
3 important support areas can be observed.
- A support zone ranging from 85.09 to 85.15. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 82.49 to 83.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.42 to 80.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 89.03 to 90.88. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 72.08 | POSITIVE | TXT has a high relative strength, it outperformed 72.08% 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) | 60.68 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests TXT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.38 | OVERBOUGHT | The high Stochastics value suggests TXT may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for TXT suggests low volalility. |
| Average Directional Index/ADX (14) | 32.5 | 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)
88.74
-1.48 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.64%
1 Week-0.8%
2 Weeks1.8%
1 Month6.71%
3 Month2.18%
6 Month7.92%
12 Month17.18%
2 Year10.35%
3 Year25.34%
5 Year83.61%
10 Year111.24%
15 Year275.38%
Volatility
ATR(14)1.64
ATR(20)%1.77%
ATR Inc-10.36%
Range Today1.81
ADR(20)1.55
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.08
3 months CRS68.33
6 months CRS67.17
Mansfield0.22
10 Day High91.22
10 Day Low85.62
20 Day High91.22
20 Day Low81.54
52 Week High91.22
52 Week Low57.7
CS1 End85.15
CR1 Start89.03
Volume & EV
DER(3)0.15%
DER(5)2.16%
Volume961.40K
Volume Incr-35.37%
Vol(5)978.02K
Vol(50)1.43M
TEXTRON INC / TXT FAQ
Can you provide the ChartMill technical rating for TEXTRON INC?
ChartMill assigns a technical rating of 8 / 10 to TXT.
What is the trend direction for TXT stock?
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 60.6834. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TEXTRON INC?
The MACD indicator for TEXTRON INC (TXT) has a value of 0.226974, indicating a bearish trend.
Can you provide the short term momentum for TEXTRON INC?
The short term momentum for TEXTRON INC (TXT) is positive.