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Uptrend Broken SupportArchive
- 6/13/2025 -
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Textron Inc. (TXT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Textron Inc. (TXT). During the week, the TXT gained 1.81 points, or 2.40%, and closed at 77.38 on Friday, June 13, 2025. Weekly volume was 10% 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 (105.96) 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 52.88 and resistance is at 85.59. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 May 23, 2025 at 72.00 and reached 79.55 on June 13, 2025. TXT gained -7.55 points, or -10.49%, in 21 days. The price is now at the 28.74% retracement level.
 Daily Technical Indicators: [See TXT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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