RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TXT
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Evaluation of Textron Inc stock downgraded after the last trading session.
(Updated on Jul 19, 2024)

Sell candidate since Jul 19, 2024 PDF

The Textron Inc stock price fell by -2.47% on the last day (Friday, 19th Jul 2024) from $92.62 to $90.33. During the last trading day the stock fluctuated 3.36% from a day low at $90.20 to a day high of $93.23. The price has risen in 7 of the last 10 days and is up by 6.32% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -738 thousand shares and in total, 1 million shares were bought and sold for approximately $110.09 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Textron Inc stock with a 90% probability to be traded between $84.01 and $93.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

TXT Signals & Forecast

The Textron Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $91.02. On a fall, the stock will find some support from the long-term average at approximately $87.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 16, 2024, and so far it has fallen -3.92%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Textron Inc stock

Textron Inc finds support from accumulated volume at $87.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.03 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 3.31%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TXT) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Textron Inc to open at $91.25, and during the day (based on 14 day Average True Range), to move between $88.45 and $92.21, which gives a possible trading interval of +/-$1.88 (+/-2.09%) up or down from last closing price. If Textron Inc takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $92.07 (1.93%) than the support at $87.48 (3.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Textron Inc stock A Buy?

Textron Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.937 Sell Candidate Downgraded

Predicted Opening Price for Textron Inc of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$91.25 ( 1.02%) $90.33

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TXT

Fibonacci Support & Resistance Levels

Level Price
R3 94.28 4.38%
R2 93.13 3.10%
R1 92.41 2.30%
Price 90.33
S1 90.10 -0.259%
S2 89.38 -1.05%
S3 88.22 -2.33%

Accumulated Volume Support & Resistance Levels

Level Price
R3 94.01 4.07%
R2 92.62 2.54%
R1 92.07 1.93%
Price 90.33
S1 87.48 -3.16%
S2 86.51 -4.23%
S3 84.90 -6.01%

TXT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 24, 2024 Jun 14, 2024 Jul 01, 2024 $0.0200 0.0234%
2 Feb 21, 2024 Mar 14, 2024 Apr 01, 2024 $0.0200 0.0210%
3 Oct 25, 2023 Dec 14, 2023 Jan 01, 2024 $0.0200 0.0249%
4 Jul 24, 2023 Sep 14, 2023 Oct 01, 2023 $0.0200 0.0256%
5 Apr 26, 2023 Jun 08, 2023 Jul 01, 2023 $0.0200 0.0296%

FAQ

What is the symbol for Textron Inc Stock and on which exchange is it traded?
The symbol for Textron Inc is TXT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Textron Inc Stock?
Textron Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Textron Inc Stock?
Textron Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Textron Inc Stock.

What's the current price of Textron Inc Stock?
As of the end of day on the Jul 19, 2024, the price of an Textron Inc (TXT) share was $90.33.

What is the 52-week high and low for Textron Inc Stock?
The 52-week high for Textron Inc Stock is $97.34 and the 52-week low is $67.04.

What is the market capitalization of Textron Inc Stock?
As of the Jul 19, 2024, the market capitalization of Textron Inc is 17.226B.

When is the next earnings date for Textron Inc?
The upcoming earnings date for Textron Inc is Oct 24, 2024.
Click to get the best stock tips daily for free!

About Textron Inc

Textron Textron Inc. operates in the aircraft, defense, industrial, and finance businesses. The company's Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts. Its Bell segment supplies military and commercial helicopters, tiltrotor aircrafts, and related spare par... TXT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT