Textron Technical Analysis (NYSE:TXT)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. A TXT stock chart pattern can give those who understand technical analysis an indication of which way TXT stock is headed, but cannot predict with 100% certainty as to what can happen to the Textron stock price.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Textron. Technical analysis is used by finance professionals and is popular among traders, especially day traders. Undertaking Textron stock analysis using these technical indicators helps identify trading opportunities.
Textron Moving Average:
Moving averages help predict the price direction of TXT stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Textron are mostly signals of long term trends and will help long term traders.
Textron Bollinger Bands:
Bollinger bands comprise of a center line usually TXT SMA, and two TXT stock price bands above and below it. The stock is considered over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Textron bollinger bands show that the stock price is $46.66, upper band is 49.88, lower band is 45.7, and the average is 47.79.
Textron Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Textron MACD indicator is below 0 indicating a bearish trend.
Textron Relative Strength Index:
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of TXT stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .