TEXTRON INC (TXT)       74.44  -1.29 (-1.7%)

74.44  -1.29 (-1.7%)

US8832031012 - Common Stock - After market: 74.44 0 (0%)

Technical Rating

9

Taking everything into account, TXT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TXT is showing a nice and steady performance.



Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TXT did better than 80% of all other stocks.
TXT is currently making a new 52 week high. This is a strong signal, certainly because the S&P500 Index is not trading near new highs.
In the last month TXT has a been trading in the 66.37 - 76.11 range, which is quite wide. It is currently trading near the high of this range.
TXT has an average volume of 1465830 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 53% of 66 stocks in the same industry.

Statistics

1 Month 3 Months 6 Months 12 Months 6.24% 8.64% 15.59% 10.71% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 80.27 57.11 - 76.11
TXT Weekly chart
TXT Daily chart

Support/Resistance Analysis


57.35

75.18
4 important support areas can be observed.
  • A support zone ranging from 70.30 to 70.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 67.62 to 67.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @66.42 from a horizontal line in the daily time frame.
  • A support zone ranging from 57.93 to 59.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

Although TXT has an excellent technical rating, it does not offer a high 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 INC74.44

NYSE:TXT (2/3/2023, 7:12:50 PM)-1.29 (-1.7%)

After market: 74.44 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Aerospace & Defense

Performance
Today -1.7% 1 Week 2.99%
2 Weeks 9.71% 1 Month 6.24%
3 Month 8.64% 6 Month 15.59%

Volatility
ATR(14) 2.02 ATR(20)% 2.5%
ATR Inc -0.55% Range Today 1.89

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 80.27 Mansfield 0.84
10 Day High 76.11 10 Day Low 68
20 Day High 76.11 20 Day Low 66.37
52 Week High 76.11 52 Week Low 57.11
CS1 End 70.95 CR1 Start N/A

Volume & EV
DER(3) 2.55% DER(5) 1.62%
Volume 1.24M Volume Incr 34.81%
Vol(5) 1.84M Vol(50) 1.47M

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