RTX Technical Analysis - RTX CORP

Technical Rating and Analysis

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.

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 80% of all stocks. On top of that, RTX also shows a nice and consistent pattern of rising prices.

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 4048730 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 the 155.71 - 170.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although RTX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

112.96

170.97

We found 3 important support areas.

A support zone ranging from 151.74 to 160.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @130.55 from a trend line in the weekly time frame.
Support @114.10 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @169.28 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	80.83	POSITIVE	RTX has a high relative strength, it outperformed 80.83% 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)	49.8	NEUTRAL	The RSI value for RTX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests RTX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	70.08	NEUTRAL	The Stochastics value for RTX is a neutral value.
Average True Range in percent/ATR (20)	1.79	LOW VOLATILITY	The low ATR as a percentage value for RTX suggests low volalility.
Average Directional Index/ADX (14)	25.93	POSITIVE	The high ADX value value for RTX suggests a strong trend.