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Uptrend Broken SupportArchive - 6/20/2025 - Sign In to see current Signals. |
Textron Inc. (TXT) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :   Move cursor over the icon to see details.
| | 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.
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