RTX CORP (RTX) Stock Technical Analysis
NYSE:RTX • US75513E1010
We assign a technical rating of 10 out of 10 to RTX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RTX is showing a nice and steady performance.
- In the last month RTX has a been trading in the 193.08 - 206.48 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that RTX is one of the better performing stocks in the market, outperforming 88% 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 in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RTX is lagging the market slightly.
- RTX has an average volume of 5456660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RTX is an average performer in the Aerospace & Defense industry, it outperforms 55% of 73 stocks in the same industry.
RTX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 201.92. Right above this resistance zone may be a good entry point.
More info and screens
135.79
We found 4 important support areas.
- Support @184.89 from a trend line in the daily time frame.
- Support @177.17 from a trend line in the daily time frame.
- A support zone ranging from 168.01 to 169.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @137.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 201.92 to 203.51. This zone is formed by a combination of multiple trend lines 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 | 88.66 | POSITIVE | RTX has a high relative strength, it outperformed 88.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RTX is below 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) | 53.01 | NEUTRAL | The RSI value for RTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.09 | NEGATIVE | The MACD value suggests RTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.69 | NEUTRAL | The Stochastics value for RTX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for RTX suggests some volalility. |
| Average Directional Index/ADX (14) | 37.14 | 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 | 193.07 | 10.45 (5.13%) | 19.48% |
| An entry @203.52. This is a Buy Stop order right above the resistance zone. | An exit @193.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.45 points, which is 5.13%. | For a 1.00% total portfolio risk, you can invest 19.48% of your capital in this trade. |
- 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.
196.51
+1.32 (+0.68%)
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 53.0092. 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 -1.09199, indicating a bearish trend.
What is the support and resistance level for RTX stock?
RTX CORP (RTX) has a support level at 184.89 and a resistance level at 201.92. Check the full technical report for our detailed analysis of RTX support and resistance levels.