RTX CORP (RTX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RTX • US75513E1010
Overall RTX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, RTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that RTX is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by RTX over the past year are nicely spread over this period.
- RTX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RTX has a been trading in the 184.37 - 206.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- RTX has an average volume of 5333770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RTX is part of the Aerospace & Defense industry. There are 72 other stocks in this industry, RTX did better than 59% of them.
Besides having an excellent technical rating, RTX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
135.35
We found 5 important support areas.
- A support zone ranging from 195.96 to 197.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 183.86 to 187.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @176.42 from a trend line in the daily time frame.
- Support @169.67 from a horizontal line in the weekly time frame.
- Support @136.72 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 199.16 to 203.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for RTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RTX is up. |
| ChartMill Relative Strength | 87.94 | POSITIVE | RTX has a high relative strength, it outperformed 87.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.93 | NEUTRAL | The RSI value for RTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests RTX has a negative trend. |
| Stochastics (14,3) | 27.91 | NEUTRAL | The Stochastics value for RTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for RTX suggests some volalility. |
| Average Directional Index/ADX (14) | 42.7 | POSITIVE | The high ADX value value for RTX suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 203.52 | 195.95 | 7.57 (3.72%) | 25.00% |
| An entry @203.52. This is a Buy Stop order right above the resistance zone. | An exit @195.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.57 points, which is 3.72%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of RTX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
198.66
+2.69 (+1.37%)
RTX CORP / RTX FAQ
Can you provide the ChartMill technical rating for RTX CORP?
ChartMill assigns a technical rating of 10 / 10 to RTX.
What is the trend direction for RTX stock?
The current trend direction for RTX CORP (RTX) is Bullish.
What is the RSI signal for RTX stock?
RTX CORP (RTX) has an RSI value of 56.9271. This indicates that the stock is currently neutral.
What is the MACD signal for RTX CORP (RTX) stock?
The MACD indicator for RTX CORP (RTX) has a value of -0.763807, indicating a bearish trend.
What is the support and resistance level for RTX stock?
RTX CORP (RTX) has a support level at 197.74 and a resistance level at 199.16. Check the full technical report for our detailed analysis of RTX support and resistance levels.