The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 6/20/2025 -
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Textron Inc. (TXT) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overbought
Daily :Broken trend support lineStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
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It was the negative week for the Textron Inc. (TXT). During the week, the TXT gave back -0.40 points, or -0.52%, and closed at 76.98 on Friday, June 20, 2025. Weekly volume was 72% above average.

TXT is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See TXT long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 20.26 and reached 97.34 on April 8, 2024. TXT gained -77.08 points, or -380.45%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (106.22) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See TXT medium-term trend chart]
A medium-term downtrend had started on April 8, 2024 at 97.34 and reached 57.70 on April 7, 2025. TXT lost 39.64 points, or 40.72%, in 52 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 52.47 and resistance is at 85.43. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See TXT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 9, 2025. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See TXT short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 57.70 and reached 79.55 on June 13, 2025. TXT gained -21.85 points, or -37.87%, in 67 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (79.80) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See TXT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.50
Williams' Percentage Range (W%R) 32.00
Lane's Stochastic (%D-Slow) 48.90
Greed/Fear Indicator (GFI) 61.45
Moving Average Converg./Diverg. (MACD) 1.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.11
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 86.86
Overbought
Greed/Fear Indicator (GFI) 75.88
Moving Average Converg./Diverg. (MACD) -2.59
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 85.43
Weekly Trendline Resistance 79.91
Weekly Trendline Support 79.80
Upper Bollinger Band 78.93
Daily Stochastic Crossing 77.44
Weekly Stochastic Crossing 77.37
Price 76.98
Parabolic System 76.19
20 Day Moving Average 75.52
Lower Bollinger Band 72.49
50 Day Moving Average 72.30
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Aerospace & Defense 101
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 72.00
Low Date 05/23/2025
High 79.55
High Date 06/13/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 79.91
Support 79.80
Low 57.70
Low Date 04/07/2025
High 79.55
High Date 06/13/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 94.57
High Date 07/18/2024
Low 57.70
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 85.43
Support 52.47
High 97.34
High Date 04/08/2024
Low 57.70
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 106.90
Support 106.22
Low 20.26
Low Date 03/23/2020
High 97.34
High Date 04/08/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.