Textron Stock Technical Analysis
TXT Stock | USD 86.51 1.61 1.90% |
As of the 27th of April, Textron has the Coefficient Of Variation of 5210.01, risk adjusted performance of 0.0178, and Semi Deviation of 2.04. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Textron, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Textron, which can be compared to its competition. Please validate Textron downside deviation, treynor ratio, expected short fall, as well as the relationship between the variance and potential upside to decide if Textron is priced more or less accurately, providing market reflects its prevalent price of 86.51 per share. Given that Textron has jensen alpha of (0.04), we advise you to double-check Textron's current market performance to make sure the company can sustain itself at a future point.
Textron Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Textron, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TextronTextron |
Textron Analyst Consensus
Target Price | Advice | # of Analysts | |
85.27 | Buy | 17 | Odds |
Most Textron analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Textron stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Textron, talking to its executives and customers, or listening to Textron conference calls.
Textron technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Textron Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Textron volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Textron Trend Analysis
Use this graph to draw trend lines for Textron. You can use it to identify possible trend reversals for Textron as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Textron price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Textron Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Textron applied against its price change over selected period. The best fit line has a slop of 0.15 , which may imply that Textron will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 834.01, which is the sum of squared deviations for the predicted Textron price change compared to its average price change.About Textron Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Textron on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Textron based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Textron price pattern first instead of the macroeconomic environment surrounding Textron. By analyzing Textron's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Textron's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Textron specific price patterns or momentum indicators. Please read more on our technical analysis page.
2016 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.001676 | 0.001128 | 0.001298 | 0.001233 | Price To Sales Ratio | 0.95 | 1.17 | 1.05 | 0.59 |
Textron April 27, 2024 Technical Indicators
Most technical analysis of Textron help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Textron from various momentum indicators to cycle indicators. When you analyze Textron charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0178 | |||
Market Risk Adjusted Performance | 0.0344 | |||
Mean Deviation | 0.8751 | |||
Semi Deviation | 2.04 | |||
Downside Deviation | 2.09 | |||
Coefficient Of Variation | 5210.01 | |||
Standard Deviation | 1.51 | |||
Variance | 2.28 | |||
Information Ratio | (0.04) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.17) | |||
Sortino Ratio | (0.03) | |||
Treynor Ratio | 0.0244 | |||
Maximum Drawdown | 11.69 | |||
Value At Risk | (1.50) | |||
Potential Upside | 1.68 | |||
Downside Variance | 4.36 | |||
Semi Variance | 4.17 | |||
Expected Short fall | (0.79) | |||
Skewness | (4.15) | |||
Kurtosis | 26.26 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Textron. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Textron Stock please use our How to Invest in Textron guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Textron Stock analysis
When running Textron's price analysis, check to measure Textron's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Textron is operating at the current time. Most of Textron's value examination focuses on studying past and present price action to predict the probability of Textron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Textron's price. Additionally, you may evaluate how the addition of Textron to your portfolios can decrease your overall portfolio volatility.
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
Is Textron's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Textron. If investors know Textron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Textron listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.12 | Dividend Share 0.08 | Earnings Share 4.68 | Revenue Per Share 70.123 | Quarterly Revenue Growth 0.037 |
The market value of Textron is measured differently than its book value, which is the value of Textron that is recorded on the company's balance sheet. Investors also form their own opinion of Textron's value that differs from its market value or its book value, called intrinsic value, which is Textron's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Textron's market value can be influenced by many factors that don't directly affect Textron's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Textron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Textron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Textron's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.