Textron Inc (TXT)       60.79  +0.17 (+0.28%)

60.79  +0.17 (+0.28%)

US8832031012 - Common Stock - After market: 60.79 0 (0%)

Technical Rating

Overall TXT gets a technical rating of 1 out of 10. TXT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



TXT has an average volume of 1321060. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TXT turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
TXT is an average performer in the Aerospace & Defense industry, it outperforms 67% of 73 stocks in the same industry.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
TXT is currently trading in the lower part of its 52 week range. But, the S&P500 Index is also trading in the lower part of its yearly range, so TXT is not an exception.
TXT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

Statistics

1 Month 3 Months 6 Months 12 Months -3.16% -19.40% -20.14% -9.78% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 50.91 57.11 - 79.45
TXT Weekly chart
TXT Daily chart

Support/Resistance Analysis


57.34

78.21
We found 1 important support area.
  • A support zone ranging from 57.92 to 58.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 66.58 to 66.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @68.71 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 71.62 to 73.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @74.86 from a horizontal line in the daily time frame.
  • Resistance @77.44 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

The technical rating of TXT is bad and it also does not present a quality setup 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.


TXT Daily chart

Textron Inc60.79

NYSE:TXT (6/27/2022, 3:20:46 PM)+0.17 (+0.28%)

After market: 60.79 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Aerospace & Defense
Performance
Today 0.28% 1 Week 4.64%
2 Weeks -9.28% 1 Month -3.16%
3 Month -19.4% 6 Month -20.14%
Volatility
ATR(14) 2.12 ATR(20)% 3.32%
ATR Inc 26.22% Range Today 1.31
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 50.91 Mansfield -0.34
10 Day High 65.57 10 Day Low 57.11
20 Day High 68.79 20 Day Low 57.11
52 Week High 79.45 52 Week Low 57.11
CS1 End 58.79 CR1 Start 66.58
Volume & EV
DER(3) 0.43% DER(5) -0.81%
Volume 895.08K Volume Incr 20.35%
Vol(5) 1.50M Vol(50) 1.32M

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