TXT Price Prediction Next Week
Technical Analysis
Based on technical indicators, TXT is currently in a bearish trend. The RSI(14) at 37.59 indicates oversold conditions, suggesting a potential bounce. The MACD at -1.02 confirms the bearish momentum. The stock is trading below both its 20-day SMA ($77.12) and 200-day SMA ($85.09), indicating strong downward pressure.
News Impact Recent news shows mixed signals for TXT:
- Positive: Mario Gabelli's GAMCO Investors maintains TXT as one of their top stock picks, with a significant stake of $128.5 million
- Negative: New tariff concerns could impact aerospace sector, potentially affecting TXT's business jet division
Price Prediction for Next Week Based on Fibonacci levels:
- Resistance levels: R1: $78.37, R2: $79.57, R3: $81.50
- Support levels: S1: $74.50, S2: $73.31, S3: $71.38
- Pivot: $76.44
Short-term Forecast The stock is expected to trade between $73.31 and $78.37 next week. Given the oversold conditions and strong support at $73.31, TXT might attempt to bounce toward $76.44 (pivot level). However, the bearish trend and negative news sentiment suggest limited upside potential.
Trading Recommendation SELL with the following parameters:
- Entry: Current price ($74.52)
- Target: $71.38 (S3)
- Stop-loss: $76.44 (Pivot)
The recommendation is based on:
- Bearish technical indicators
- Trading below major moving averages
- Potential negative impact from new tariffs
- Weak momentum indicated by MACD
TXT Similar Chart Price Prediction
The price of TXT is predicted to go up 8.38%, based on the high correlation periods with SGC. The similarity of these two price pattern on the periods is 93.46%.
TXT
SGC
Up: 8.38%Similarity: 93.46%
TXT Revenue Forecast
TXT EPS Forecast
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TXT VS S&P500
Textron has a massive opportunity with the Future Vertical Lift contract to become the preeminent military rotorcraft manufacturer for the foreseeable future.
Textron's Citation Latitude and Longitude super-midsize business aircraft are desirable alternatives to long-range business aircraft, which should drive sales for the company's aviation segment.
Textron services an immense installed base of its planes and helicopters, which provide many years of recurring, albeit cyclical revenue.
TXT Analyst's Forecast
Ronald Epstein
B of A Securities
Strong Buy → Hold
2025-01-24
Price Target
$110 → $85
Upside
+10.1%
BofA analyst Ronald Epstein downgraded Textron to Neutral from Buy.
Kristine Liwag
Morgan Stanley
Hold
2025-01-23
Price Target
$86 → $82
Upside
+4.85%
David Strauss
Barclays
Buy
2024-12-23
Price Target
$104 → $95
Upside
+24.28%
