Raytheon Company (RTN) Stock Technical Analysis
NYSE:RTN - New York Stock Exchange, Inc. -
Taking everything into account, RTN scores 0 out of 10 in our technical rating. RTN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, RTN is a bad performer in the overall market: 79% of all stocks are doing better.
RTN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RTN is lagging the market.
In the last month RTN has a been trading in the 103.00 - 184.59 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
RTN has an average volume of 3619150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of RTN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
115.79
166.83
We can see 2 important resistance areas.
- A resistance zone ranging from 139.75 to 140.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @165.18 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RTN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RTN is down. |
| ChartMill Relative Strength | 21.64 | NEGATIVE | RTN has a low relative strength, it was outperformed by 78.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RTN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RTN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RTN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.23 | NEUTRAL | The RSI value for RTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.28 | POSITIVE | The MACD value suggests RTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.18 | NEUTRAL | The Stochastics value for RTN is a neutral value. |
| Average True Range in percent/ATR (20) | 13.87 | HIGH VOLATILITY | The high ATR as a percentage value for RTN suggests high volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
116.96
-5.47 (-4.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.47%
1 Week-24.64%
2 Weeks-3.61%
1 Month-36.61%
3 Month-48.66%
6 Month-39.85%
12 Month-34.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)16.07
ATR(20)%13.87%
ATR Inc-34.77%
Range Today11.85
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.64
Mansfield-2.78
10 Day High157.97
10 Day Low110.33
20 Day High184.59
20 Day Low103
52 Week High233.48
52 Week Low103
CS1 EndN/A
CR1 Start139.75
Volume & EV
DER(3)-0.38%
DER(5)-0.63%
Volume9.36M
Volume Incr6.02%
Vol(5)5.23M
Vol(50)3.62M