TEXTRON INC. - Daily - Technical analysis published on 11/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 46.86 USD
My targets
42.77 USD (-7.58%)
40.20 USD (-13.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on TEXTRON INC. as long as the price remains well below 46.86 USD. The sellers” bearish objective is set at 42.77 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 40.20 USD. In case of crossing, the next objective would be the support located at 34.32 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The TEXTRON INC. rating is 46.28 USD. On the day, this instrument gained +0.13% with the lowest point at 46.16 USD and the highest point at 46.96 USD. The deviation from the price is +0.26% for the low point and -1.45% for the high point.46.16
46.96
46.28
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by TEXTRON INC.:
Technical
Technical analysis of this Daily chart of TEXTRON INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34.32 | 40.20 | 42.77 | 46.28 | 46.86 | 48.18 | 49.78 |
| Change (%) | -25.84% | -13.14% | -7.58% | - | +1.25% | +4.11% | +7.56% |
| Change | -11.96 | -6.08 | -3.51 | - | +0.58 | +1.90 | +3.50 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.20 | 45.49 | 45.85 | 46.14 | 46.50 | 46.79 | 47.15 |
| Camarilla | 46.04 | 46.10 | 46.16 | 46.22 | 46.28 | 46.34 | 46.40 |
| Woodie | 45.25 | 45.51 | 45.90 | 46.16 | 46.55 | 46.81 | 47.20 |
| Fibonacci | 45.49 | 45.74 | 45.89 | 46.14 | 46.39 | 46.54 | 46.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.60 | 45.16 | 46.11 | 46.67 | 47.62 | 48.18 | 49.13 |
| Camarilla | 46.65 | 46.78 | 46.92 | 47.06 | 47.20 | 47.34 | 47.48 |
| Woodie | 44.80 | 45.26 | 46.31 | 46.77 | 47.82 | 48.28 | 49.33 |
| Fibonacci | 45.16 | 45.74 | 46.09 | 46.67 | 47.25 | 47.60 | 48.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.08 | 41.72 | 43.91 | 47.55 | 49.73 | 53.37 | 55.56 |
| Camarilla | 44.49 | 45.02 | 45.56 | 46.09 | 46.62 | 47.16 | 47.69 |
| Woodie | 37.35 | 41.36 | 43.18 | 47.18 | 49.00 | 53.01 | 54.83 |
| Fibonacci | 41.72 | 43.95 | 45.32 | 47.55 | 49.77 | 51.15 | 53.37 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.99 | |
| MACD (12,26,9): | -0.3700 | |
| Directional Movement: | -4.53 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 46.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.99 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 48.74 | |
| Zig ZAG (10): | 46.28 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 16.42 | |
| TEMA (21): | 46.13 | |
| Williams %R (14): | -79.26 | |
| Chande Momentum Oscillator (20): | -0.65 | |
| Repulse (5,40,3): | -1.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.07 |
| MA7: | 46.43 | |
| MA20: | 46.71 | |
| MA50: | 48.01 | |
| MA100: | 48.03 | |
| MAexp7: | 46.37 | |
| MAexp20: | 46.73 | |
| MAexp50: | 47.33 | |
| MAexp100: | 48.06 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -3.60% | |
| Price / MA100: | -3.64% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -2.22% | |
| Price / MAexp100: | -3.70% |
News
Don"t forget to follow the news on TEXTRON INC.. At the time of publication of this analysis, the latest news was as follows:
- TEXTRON 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against Textron Inc. - TXT
- Textron Reports Third Quarter 2019 Results
- Shareholder Alert: Robbins Arroyo LLP Reminds Investors the Lead Plaintiff Deadline is Approaching for Textron Inc. (TXT) Class Action
- Flagship Cessna Citation Longitude Enters Service, Signals New Dimension for Business Aviation
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Textron, Inc. - TXT
This member declared not having a position on this financial instrument or a related financial instrument.
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