RTX CORP (RTX) Stock Technical Analysis
NYSE:RTX - US75513E1010 - Common Stock
158.6 USD
-2.06 (-1.28%)
158.6 USD
0 (0%)
Overall RTX gets a technical rating of 10 out of 10. 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.
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 82% 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.
RTX has an average volume of 4873930 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 68 other stocks in this industry, RTX did better than 50% of them.
In the last month RTX has a been trading in a tight range between 152.66 and 161.26.
Besides having an excellent technical rating, RTX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 160.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 157.07, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
113.31
162.28
We found 4 important support areas.
- A support zone ranging from 150.53 to 157.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @130.29 from a trend line in the weekly time frame.
- Support @121.55 from a trend line in the weekly time frame.
- Support @114.45 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 160.67 to 160.67. 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 | 82.69 | POSITIVE | RTX has a high relative strength, it outperformed 82.69% 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) | 69.18 | NEUTRAL | The RSI value for RTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests RTX has a positive trend. |
| Stochastics (14,3) | 95.43 | OVERBOUGHT | The high Stochastics value suggests RTX may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for RTX suggests low volalility. |
| Average Directional Index/ADX (14) | 11.78 | NEGATIVE | The low ADX value for RTX suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 160.68 | 153.08 | 7.60 (4.73%) | 21.14% |
| An entry @160.68. This is a Buy Stop order right above the resistance zone. | An exit @153.08. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.60 points, which is 4.73%. | When investing 21.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
158.6
-2.06 (-1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-1.28%
1 Week2.78%
2 Weeks3.6%
1 Month1.96%
3 Month17.72%
6 Month20.81%
12 Month30.26%
2 Year86.73%
3 Year79.01%
5 Year163.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.14
ATR(20)%1.39%
ATR Inc-28.37%
Range Today2.66
ADR(20)2.17
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.69
Mansfield1.16
10 Day High161.26
10 Day Low153.09
20 Day High161.26
20 Day Low152.66
52 Week High161.26
52 Week Low112.27
CS1 End157.07
CR1 Start160.67
Volume & EV
DER(3)1.37%
DER(5)0.46%
Volume3.76M
Volume Incr-11.32%
Vol(5)3.58M
Vol(50)4.87M