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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TXT did better than 79% 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 - 101.57 range, which is quite wide. It is currently trading near the high of this range.
- TXT has an average volume of 1853250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TXT is an average performer in the Aerospace & Defense industry, it outperforms 43% of 74 stocks in the same industry.
Besides having an excellent technical rating, TXT also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
78.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 89.86 to 90.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 86.79 to 88.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 84.09 to 84.68. 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.
We found 1 important resistance area.
- A resistance zone ranging from 100.77 to 100.77. 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 | 79.87 | POSITIVE | TXT has a high relative strength, it outperformed 79.87% 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) | 53.68 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TXT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.85 | NEUTRAL | The Stochastics value for TXT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for TXT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.85 | POSITIVE | The high ADX value value for TXT suggests a strong 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 |
|---|---|---|---|
| 98.84 | 95.66 | 3.18 (3.22%) | 25.00% |
| An entry @98.84. This is a Buy Stop order right above the 10 day moving average. | An exit @95.66. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.18 points, which is 3.22%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TXT. Please evaluate whether better entry and exit points can be found.
- 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.
96.64
-2.35 (-2.37%)
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 53.6841. 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 90.09 and a resistance level at 100.77. Check the full technical report for our detailed analysis of TXT support and resistance levels.