TEXTRON INC (TXT) Technical Analysis
NYSE:TXT • US8832031012
Taking everything into account, TXT scores 10 out of 10 in our technical rating. 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that TXT is one of the better performing stocks in the market, outperforming 82% of all stocks. We also observe that the gains produced by TXT over the past year are nicely spread over this period.
- TXT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TXT is lagging the market slightly.
- 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 1773700 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 45% of 78 stocks in the same industry.
TXT has an excellent technical rating and 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. There is a resistance zone just above the current price starting at 100.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 90.82, a Stop Loss order could be placed below this zone.
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78.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 90.72 to 90.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 86.79 to 87.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 84.44 to 84.95. 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.
When analyzing the resistance we notice one important 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 | NEUTRAL | NEUTRAL | The short term trend for TXT is neutral. |
| ChartMill Relative Strength | 82.34 | POSITIVE | TXT has a high relative strength, it outperformed 82.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TXT is below 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) | 49.62 | NEUTRAL | The RSI value for TXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests TXT has a negative trend. |
| Stochastics (14,3) | 41.59 | NEUTRAL | The Stochastics value for TXT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for TXT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.67 | NEUTRAL | The ADX value for TXT suggests a possible start of a new 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 |
|---|---|---|---|
| 98.75 | 95.53 | 3.22 (3.26%) | 25.00% |
| An entry @98.75. This is a Buy Stop order right above the 10 day moving average. | An exit @95.53. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.22 points, which is 3.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.82%. |
- 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.
TXT Technicals: Chart, Performance Metrics, Trend & Indicators
96.4
-2.91 (-2.93%)
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 49.6203. 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 neutral.
What is the support and resistance level for TXT stock?
TEXTRON INC (TXT) has a support level at 90.82 and a resistance level at 100.77. Check the full technical report for our detailed analysis of TXT support and resistance levels.