How the price action of Textron ($TXT) is used to our Advantage
September 22, 2023, 05:30 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TXT
- Buy TXT slightly over 72.34 target 78.20 stop loss @ 72.13 Details
The technical summary data tells us to buy TXT near 72.34 with an upside target of 78.20. This data also tells us to set a stop loss @ 72.13 to protect against excessive loss in case the stock begins to move against the trade. 72.34 is the first level of support below 77.92 , and by rule, any test of support is a buy signal. In this case, support 72.34 is being tested, a buy signal would exist.
- Short TXT slightly under 78.20, target 72.34, stop loss @ 78.43 Details
The technical summary data is suggesting a short of TXT as it gets near 78.20 with a downside target of 72.34. We should have a stop loss in place at 78.43though. 78.20 is the first level of resistance above 77.92, and by rule, any test of resistance is a short signal. In this case, if resistance 78.20 is being tested, a short signal would exist.
Swing Trading Plans for TXT
- Buy TXT slightly over 78.20, target 78.79, Stop Loss @ 77.97 Details
If 78.20 begins to break higher, the technical summary data tells us to buy TXT just slightly over 78.20, with an upside target of 78.79. The data also tells us to set a stop loss @ 77.97 in case the stock turns against the trade. 78.20 is the first level of resistance above 77.92, and by rule, any break above resistance is a buy signal. In this case, 78.20, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TXT slightly near 78.20, target 76.12, Stop Loss @ 78.43. Details
The technical summary data is suggesting a short of TXT if it tests 78.20 with a downside target of 76.12. We should have a stop loss in place at 78.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.20, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TXT
- Buy TXT slightly over 78.20, target 78.79, Stop Loss @ 78.02 Details
If 78.20 begins to break higher, the technical summary data tells us to buy TXT just slightly over 78.20, with an upside target of 78.79. The data also tells us to set a stop loss @ 78.02 in case the stock turns against the trade. 78.20 is the first level of resistance above 77.92, and by rule, any break above resistance is a buy signal. In this case, 78.20, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TXT slightly near 78.20, target 77.77, Stop Loss @ 78.38. Details
The technical summary data is suggesting a short of TXT if it tests 78.20 with a downside target of 77.77. We should have a stop loss in place at 78.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 78.20, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Textron (TXT) available here: TXT.
TXT Ratings for September 22:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
66.47 |
| P2 |
77.77 |
76.12 |
72.34 |
| P3 |
80.24 |
78.79 |
78.20 |
AI Generated Signals for TXT
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Textron (NYSE: TXT) data table below can help you with price action, and we have more details too. Trading plans for TXT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TXT:
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