TEXTRON INC (TXT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TXT - US8832031012 - Common Stock
Overall TXT gets a technical rating of 6 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.
TXT has an average technical rating and also the quality of the setup is only medium 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.
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78.63
When analyzing the support we notice one important area.
- A support zone ranging from 79.42 to 82.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 85.39 to 87.34. 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 | 47.96 | 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) | DOWN | MIXED | The current price of TXT is above a declining 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) | 58.23 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests TXT has a positive trend. |
| Stochastics (14,3) | 75.23 | NEUTRAL | The Stochastics value for TXT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for TXT suggests low volalility. |
| Average Directional Index/ADX (14) | 13.9 | NEGATIVE | The low ADX value for TXT suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 83.31 | 79.01 | 4.30 (5.16%) | 19.37% |
| An entry @83.31. This is a Buy Stop order right above the 10 day high. | An exit @79.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.30 points, which is 5.16%. | When investing 19.37% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
82.92
+0.53 (+0.64%)
TEXTRON INC / TXT FAQ
Can you provide the ChartMill technical rating for TEXTRON INC?
ChartMill assigns a technical rating of 6 / 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 58.2342. 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 0.249185, indicating a bearish trend.
Can you provide the short term momentum for TEXTRON INC?
The short term momentum for TEXTRON INC (TXT) is positive.