RTX CORP (NYSE:RTX) – A Strong Technical Setup in Aerospace & Defense

RTX CORP (NYSE:RTX) has been identified as a standout candidate in our technical breakout screen. The stock demonstrates strong technical health and a well-defined setup pattern, making it worth a closer look for investors focused on momentum and consolidation breakouts.

Technical Strength

RTX currently holds a Technical Rating of 9 out of 10, reflecting its strong upward momentum. Key factors contributing to this score include:

• Positive Trends: Both short-term and long-term trends are upward, reinforcing the stock’s bullish stance.
• Relative Strength: RTX outperforms 88% of all stocks over the past year, with consistent gains spread across the period.
• Price Position: The stock is trading near the upper end of its 52-week range, aligning with the broader S&P 500’s performance.
• Moving Averages: The stock remains above key moving averages (20-day, 50-day, 100-day, and 200-day), confirming sustained buying interest.

Setup Quality

With a Setup Rating of 8, RTX presents a favorable consolidation pattern:

• Tight Trading Range: Recent price action has stabilized, reducing volatility and forming a clear support zone near $128.66.
• Resistance Breakout Potential: A resistance area sits just above the current price at $133.00, providing a potential entry point if the stock breaks higher.
• Pocket Pivot Signal: A recent accumulation pattern suggests institutional interest, adding further credibility to the setup.

For a deeper analysis, review the full technical report for RTX.

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Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before making trading decisions.