Textron (FRA:TXT) 14-Day RSI : 34.88 (As of May. 03, 2024)

View and export this data going back to 1968. Start your Free Trial

What is Textron 14-Day RSI?

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100. Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30.

As of today (2024-05-03), Textron's 14-Day RSI is 34.88.

The industry rank for Textron's 14-Day RSI or its related term are showing as below:

FRA:TXT's 14-Day RSI is ranked better than
95.92% of 319 companies
in the Aerospace & Defense industry
Industry Median: 51.8 vs FRA:TXT: 34.88

Competitive Comparison of Textron's 14-Day RSI

For the Aerospace & Defense subindustry, Textron's 14-Day RSI, along with its competitors' market caps and 14-Day RSI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Textron's 14-Day RSI Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Textron's 14-Day RSI distribution charts can be found below:

* The bar in red indicates where Textron's 14-Day RSI falls into.

Textron (FRA:TXT) 14-Day RSI Calculation

The formula for calculating RSI is:

RSI

100

–

[ 100

( 1 + Average Gain

Average Loss )]

* Note that the formula uses a positive value for the average loss.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Textron (FRA:TXT) 14-Day RSI Explanation

The Relative Strength Index (RSI), developed by J. Welles Wilder in his book “New Concepts in Technical Trading Systems.”, is a momentum oscillator that measures the speed and change of price movements. The RSI is most typically used on a 14-day period, measured on a scale from 0 to 100.

Traditionally, an asset is considered overbought or overvalued when the RSI is above 70 and oversold or undervalued when it is below 30. A RSI surpasses the 30 level indicates a bullish sign, when it slides below 70 level, it’s a bearish sign. This level can be adjusted depending on the security’s pattern and the market’s underlying trend. In an uptrend or bullish market, the RSI might range within a higher interval, investors could set the support level higher. If a downtrend or bearish market occurs, investors may need to lower the resistance level.

RSI can also be used in trading techniques to indicate the trading signal, such as Divergences and Swing Rejections.

Textron 14-Day RSI Related Terms

Thank you for viewing the detailed overview of Textron's 14-Day RSI provided by GuruFocus.com. Please click on the following links to see related term pages.

Textron (FRA:TXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Textron Inc (FRA:TXT) » Definitions » 14-Day RSI

Comparable Companies

HII AXON CW WWD BWXT HEI.A HWM DRS MOG.A HXL GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.

Traded in Other Exchanges

TXT:USA TXT:Germany

Address

40 Westminster Street, Providence, RI, USA, 02903

Website

https://www.textron.com

Textron is a conglomerate that mostly designs, manufactures, and services a range of specialty aircraft including small jets, propeller-driven airplanes, helicopters, and tilt-rotor aircraft. The firm's aviation segment manufactures and services Cessna and Beechcraft planes. Bell is a helicopter and tilt-rotor manufacturer and servicer for both commercial and military customers. Textron Systems produces uncrewed aircraft and armored vehicles for the military market as well as aircraft simulators and training for the commercial and military markets. Textron Industrial contains the Kautex business that manufactures plastic fuel tanks for conventional and hybrid motor vehicles and other subsidiaries that produce specialized vehicles such as golf carts, snowmobiles, and all-terrain vehicles.