TEXTRON INC (TXT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TXT - US8832031012 - Common Stock
We assign a technical rating of 8 out of 10 to TXT. 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.
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
78.63
We found 4 important support areas.
- A support zone ranging from 88.66 to 89.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 86.34 to 87.20. 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 83.10 to 83.55. This zone is formed by a combination of multiple trend lines 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 93.83 to 93.83. 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 | 77.21 | POSITIVE | TXT has a high relative strength, it outperformed 77.21% 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) | 67.12 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests TXT has a positive trend. |
| Stochastics (14,3) | 90.04 | OVERBOUGHT | The high Stochastics value suggests TXT may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for TXT suggests low volalility. |
| Average Directional Index/ADX (14) | 30.44 | POSITIVE | The high ADX value value for TXT suggests a strong trend. |
93.28
-0.55 (-0.59%)
TEXTRON INC / TXT FAQ
Can you provide the ChartMill technical rating for TEXTRON INC?
ChartMill assigns a technical rating of 8 / 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 67.1228. 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 89.78 and a resistance level at 93.83. Check the full technical report for our detailed analysis of TXT support and resistance levels.