Textron bobbled around today only ended up 0.44% since yesterday. It looks like TXT may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. In addition to being near an angled resistance line TXT is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. Textron hasn't looked that great recently. We may get more sellers coming in on supply zones, but maybe the buyers finally think it's a good deal, I guess we'll see.
If the price breaks through the resistance level it will probably move up to the $75.24 level where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $69.73 it may head back up from there or break lower.
The analysts are pretty neutral on Textron right now, so not much useful information here. The current Analysts Sentiment Score is 1.39. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-04-16 The Goldman Sachs Group increased their price target by 16.5% to $120.00. On 2024-04-04 Citigroup increased their price target by 6.73% to $111.00. Bank of America announced an upgrade on 2024-03-08 from Neutral to Buy and moved up their price target to $105.00 which is a 23.53% increase. On 2024-01-26 UBS Group increased their price target by 5.19% to $81.00. JPMorgan Chase & Co. provided a price target boost of 1.19% to $85.00 from $84.00 on 2023-12-20. Morgan Stanley gave a boost to their price target and moved to $88.00 from $86.00 on 2023-10-27. Susquehanna announced that they are reiterating a rating of Positive on 2023-10-27. On 2023-05-24 there was a downgrade announced by Vertical Research from Buy to Hold and added a price target of $70.00.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| TXT | 1.39 | 1.59 | -0.45 | 1.63 | 0 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| TXT | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| TXT | 2.48 | %2.2 | 3.2 | -13.926 | 4380000 |
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aerospace & Defense | 20 | 0.85 | -1.49 | 0.89 | 5.11 | 1.90 | 7.30 | 54.20 | 0.90 | 3.63 | 1.05 | -5391.81 | -31968.92 | 45.00 | 0.00 | 3.23 | 0.72 |
| Industrials | 277 | 1.72 | -0.10 | -0.35 | -6.08 | -6.12 | 0.27 | 47.58 | -9.88 | -8.47 | -7.50 | -14645.29 | -9313.17 | 13.27 | 1.62 | 3.62 | 0.58 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| TXT |
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EXP | Eagle Materials, Inc. | 1.4 | 3.39 | 4.15 | 6.53 | -3.64 | -17.15 | -10.92 | 65 | -47.38 | -18.86 | -18.73 | -9119.78 | -1878.03 | 100 | 0 | 1.72473 |
| AMP | Ameriprise Financial, Inc | 1.34 | 1.16 | -0.90 | -1.71 | -6.87 | 4.48 | 14.12 | 48 | 0.81 | 1.13 | 10.87 | -2656.25 | -2038.70 | 0 | 0 | 1.49246 |
| WCC | Wesco International Inc. | 1.32 | 3.82 | -0.47 | -3.26 | -11.64 | -2.45 | -5.28 | 40 | -8.30 | -5.84 | -5.71 | -12361.77 | -327.43 | 0 | 0 | 2.60798 |
| NTRS | Northern Trust Corp | 1.28 | 0.80 | -1.81 | -4.91 | -4.34 | 11.28 | 12.74 | 49 | 2.95 | 10.05 | 27.21 | -2419.05 | -20528.03 | 100 | 0 | 1.6074 |
| EMN | Eastman Chemical Company | 1.26 | 0.24 | -0.71 | -8.92 | -0.41 | -20.19 | -12.09 | 28 | -12.24 | -12.16 | -11.17 | -10976.39 | 173.68 | 0 | 0 | 1.12457 |
| TEL | TE CONNECTIVITY LTD | 1.26 | 1.13 | -3.28 | -3.39 | -0.80 | -3.51 | -0.28 | 46 | -0.61 | -0.24 | 2.10 | -717.74 | -9248.55 | 0 | 0 | 0.732096 |
| EMR | Emerson Electric Co. | 1.25 | 1.40 | -0.48 | -4.13 | -8.64 | 2.09 | -1.53 | 39 | -0.82 | -0.52 | 2.45 | -7010.93 | 311.67 | 0 | 0 | 1.32956 |
| WAB | Wabtec Inc. | 1.25 | 1.23 | -0.54 | 4.68 | -3.29 | 2.46 | 27.40 | 55 | 0.75 | 0.30 | 2.86 | -4299.62 | -20371.90 | 125 | 0 | 1.68548 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
