RTX Corporation Long on Regression BreakAfter 11%+ fall RTX now has a long bias on the regression break upwards.
The other "military" stock have turned or are starting to turn long.
RTX trade ideas
Raytheon Technologies HTF Trend continuation after some ranging?Here's my analysis on Raytheon Technologies:
Given the ongoing war situation, I've been asked about defense stocks. We're examining a large overarching structure that has reached its resistance line. Previously, the chart showed strong impulsive movements, both upward and downward, as seen in the grey correction. However, at the green structure's resistance line, this impulsiveness has diminished. I expect we won't follow the usual pattern of dropping to the XY correction level to gather momentum. Instead, we'll likely continue correcting, similar to the W wave.
I'm focusing on the orange correction level, anticipating a minor dip into the orange box to start an orange sequence, which could lead us to the green sequence's target levels.
Short time, target 115.83Following weekly and daily chart.
I got a a short signal from my 3 power indicators, but I want to follow the weekly chart, it's cleaner.
TP1 115.83
TP2 108.16 which is more powerful support.
It might seems small amounts but I prefer 3x-5x short, so it's a good opportunity.
I'd stop above 124.
Are you in? Let me know.
RTX is preparing a free fall🟢 RTX is preparing for a free fall
NYSE:RTX is offering a 10% return opportunity today, with a risk of just 2.5% in the deal. RTX experienced a strong trend during 2024, which was broken on November 14th.
✅ What pattern is unfolding in NYSE:RTX ?
RTX has broken a yearly channel and now has created a perfect head and shoulders
pattern.
Head and shoulders appears at the end of trendlines, giving investors the opportunity to join the new trend.
💰 How to trade this chart pattern?
Selling when the blue line is broken is the most optimal idea.
To be sure that I do not fail, I will split my position in 2 take profits, so at least I can pay my stop loss and enter a risk-free trade.
🛡️ The risk management strategy
As we have done in so many previous ideas, remember you can split the position in 2.
- 50% of the position in a take profits, at least, as large as your stop loss (adapt SL and this 1st TP to local supports/resistance levels). In this case, a 3% TP for 2% SL.
- 50% of the position to a price as large as the previous pattern, which would mean a profit of 10% or more. This is also the previous support area and where more volume was traded, so it's just perfect for TP.
✴️ ENJOY AND FOLLOW for more 😊
Raytehon (RTX) Head and Shoulders. Fundamental reasoning: DJT is a peace president vs Biden who allowed build of geopolitical tensions and warfare.
D.O.G.E dept. to radically overhaul the deep state and waste.
Other notable Military contractors include:.
#LMT
Northrup Grumman
Avic
Boeing
General Dynamics
BAE
Key factors affecting stock performance in the near future.Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
$RTX with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:RTX after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
Can Defense Industry Giants Turn Global Tensions into SustainablIn a fascinating paradox of modern defense economics, RTX Corporation stands at the epicenter of escalating global security demands while grappling with production constraints that challenge its ability to meet them. With a remarkable $90 billion defense backlog and recent approval for a $744 million missile sale to Denmark, RTX exemplifies how geopolitical tensions are reshaping the aerospace and defense industry landscape. Yet this surge in demand raises profound questions about the sustainability of growth in an industry where production capacity faces inherent limitations.
The company's financial performance tells a compelling story of adaptation and resilience, with its stock attracting increased attention from major analysts and an upward revision of earnings guidance. However, beneath these promising figures lies a more complex narrative: RTX must balance the immediate pressures of global defense requirements against the long-term challenges of production capacity and technological innovation. This delicate equilibrium becomes even more critical as the company serves not just one nation's defense needs, but those of at least 14 allied nations simultaneously.
What emerges is a thought-provoking case study in strategic industrial scaling: How can defense manufacturers like RTX transform short-term geopolitical pressures into sustainable long-term growth? The answer may lie in the company's diversified approach, combining traditional defense contracts with innovative aerospace solutions, while navigating the intricate balance between immediate market demands and long-term strategic planning. This scenario challenges our traditional understanding of defense industry dynamics and forces us to reconsider how global security needs might reshape industrial capacity in the decades to come.
RTX broke 20 year trend lineThe macro environment are favoring the defensive stocks with the on-going + more geopolitical risk, and it was supported by breaking the 20 year trend line for RTX. I would be cautious of entering a big position, but it seems to have more steams left.
$NYSE:RTX Rebound After a Healthy PullbackNYSE:RTX is currently in an uptrend, as evidenced by its strong upward movement, followed by a period of consolidation. This phase is crucial as it allows the stock to gather strength and form a stable base before potentially continuing its upward trajectory.
The RSI indicates that the stock is approaching a neutral range, which suggests it is neither overbought nor oversold at this point. Given the overall trend and the current consolidation, it would be prudent to allow this phase to fully mature. This will provide a clearer indication of whether the stock is ready for a breakout or if it needs further time to stabilize before continuing its trend.
Patience during this phase is key, I'm looking for a breakout beyond 121.40$ to reconsider a position.
RTX; few more years of slow gainLooks like RTX is in the last leg of an ending diagonal as shown in the parallel channel; A-B-C-D-E. I think we can see a corrective wave in toward the $90's which would be a good buying opportunity, once we hit near $130-$150...time to take profits and wait many years for the low between $40 and $70. I think the blue arrow path is the relative future direction.
If we get a sharp steady move like we did in 1995 and 2003, ignore this; especially if the monthly breaks and closes above the channel.
It's unlikely we will see much gains on RTX after 2025-2026 based on this history.
The 1995 massive gain was a 3rd wave which we won't be seeing in our life time; unless you're a teen.
Just wanted to note RTX and many equity charts look great and a nice slope upward, but as you can see there are very long periods of practically no gain. Take that into consideration when managing you portfolio.
RTX retrace below $100?After a year of consistent upward momentum, RTX has entered overbought territory. Despite strong fundamentals, a minor technical correction appears reasonable.
Calm DownThe market isn't that bad, unless you were foolish and bought at the all time high. But unless you invested in Boeing 2 years ago on margin you're probably fine...
$RTX Rally - Base - RallyNYSE:RTX is looking to come out of a Squeeze currently making higher highs inside the squeeze . 20 ema - 50 ema- 200 ema all stacked for a bullish trend...
Whats your thoughts on this?
RTX nears settlement in investigation over missile contractsRTX Corp. is approaching the conclusion of a long-standing criminal investigation by the US Justice Department regarding its pricing practices for missile and defense services. Bloomberg sources indicate that the aerospace and defense giant received 32 billion USD from the federal government last year, representing 46% of its total net sales across three business units. This investigation, initiated nearly four years ago by the Justice Department’s Criminal Fraud Section in collaboration with the US Attorney's office in Massachusetts, focused on the pricing of various services offered by RTX.
The settlement, expected to be concluded this summer, includes RTX setting aside 306 USD million to cover the fines. This resolution comes at a time of heightened demand for RTX’s products, particularly given the ongoing military conflicts in Ukraine and the Gaza Strip.
To explore potential trading opportunities, let’s analyse the stock chart of RTX Corp. (NYSE: RTX) from a technical analysis perspective:
On the Daily (D1) timeframe, the RTX stock exhibits a resistance level at 107.90 USD and support at 104.50 USD. The stock has been on a steady uptrend since the end of October 2023. In the event of a downtrend, a reasonable downside target could be set at 90.00 USD.
However, if the uptrend persists and the stock breaches the resistance at 107.90 USD, there could be an opportunity to buy with a short-term target of 120.00 USD. For a medium-term investment strategy, the stock price could rise to 130.00 USD if the positive momentum continues.
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Why This Aerospace Giant is a Must-Buy .As of the latest data, RTX Corporation is trading at $106.27, up 0.82% from the previous close. The stock has shown significant upward momentum over the past few months, hitting a high of $107.32 recently. With a market cap of $141.287 billion and a P/E ratio of 41.35, RTX is currently positioned as a strong player in the Aerospace & Defense sector.
Simple Moving Averages (SMA): The 10-day, 20-day, 30-day, and 50-day SMAs are all trending above the current price, indicating a bullish momentum. The 200-day SMA at $87.45 suggests strong long-term support.
Exponential Moving Averages (EMA): Similarly, the 10-day, 20-day, 30-day, and 50-day EMAs are also above the current price, reinforcing the bullish sentiment.
Relative Strength Index (RSI): The RSI (14) is at 66.28, approaching the overbought territory. This indicates potential for a pullback or consolidation before the next leg up.
MACD: The MACD level is at 1.50 with a sell signal, suggesting a potential short-term correction.
Momentum: Momentum (10) is slightly negative at -0.05, indicating a neutral to slightly bearish short-term outlook.
Volume: The average volume over the last 30 days is 6.45 million, with the recent volume at 3.43 million, suggesting moderate trading activity. This volume supports the current price action but does not indicate any significant divergence.
Ichimoku Cloud: The price is above the Ichimoku Cloud, indicating a strong bullish trend. The conversion line (Tenkan-sen) and the base line (Kijun-sen) are also supportive of the upward movement.
The weekly and daily charts show a clear uptrend with higher highs and higher lows. The stock has recently broken out of a consolidation phase, indicating a continuation of the bullish trend. The recent candlestick patterns are predominantly bullish, with minimal signs of reversal.
The next earnings report is due in 57 days, with the last earnings showing significant YoY growth. The financials are robust, with total revenue and net income showing positive growth. The dividend yield stands at 2.22%, which is attractive for income-focused investors.
Based on the current analysis:
Long Position: A long position can be considered if the stock breaks above $107.50, with a target price of $114.50. The stop-loss should be placed at $104.00 to protect against downside risk.
Short Position: A short position can be considered if the stock fails to break above $107.50 and falls below $104.50. The target for the short position would be $98.00, with a stop-loss at $106.50.
Conclusion
RTX Corporation shows strong bullish momentum with potential for further upside. However, given the RSI is nearing overbought levels and the MACD shows a sell signal, traders should be cautious of a potential short-term pullback. Long positions are favorable above $107.50, with a cautious approach advised around the $104.00 support level. Short positions are speculative and should be tightly managed.
Raytheon's Defense Division Shines in Q1 a Deep DiveRaytheon Corporation's Q1 2024 earnings reveal impressive growth driven by its defense division, which achieved $6.6 billion in sales and contributed significantly to a $202 billion backlog. Key highlights include major defense system sales to Germany and Ukraine. Despite overall growth, civilian divisions like Collins Aerospace and Pratt & Whitney also performed well but experienced declining profit margins. Raytheon's innovative commercial satellite imagers, launched as part of Maxar's WorldView Legion, promise advanced imaging capabilities for various sectors. The article concludes with a bullish recommendation on Raytheon stock, suggesting long positions with entry at $102.59 targets ranging from $105.93 to $119.00, and a stop-loss at $93.01.
Raytheon retrace to point of valuefade the spending , this babys coming back to grab some more value for the big P
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NYSE:RTX is currently exhibiting a double megaphone pattern on the weekly chart, indicating a period of increased volatility and potential uncertainty in the market sentiment. This pattern typically suggests conflicting forces at play, with widening price swings signaling indecision among traders.
Key Pattern: Double Megaphone
A megaphone pattern, also known as a broadening formation, consists of two expanding trendlines that diverge away from each other. This pattern reflects growing volatility and uncertainty, with higher highs and lower lows being established over time. In this scenario with RTX we are showing two long term trends one inside of another.
Explanation:
Textbook Answer: This double megaphone pattern often signifies a struggle between bulls and bears, with neither side gaining a clear advantage. It also represents volatility & opportunity. It's up to us to determine price point where we can capitalize on positioning for profitability!
Real World Answer: Manipulation & Perfect Timing
As the price oscillates between the expanding trendlines, traders should exercise caution and closely monitor key support and resistance levels for potential trading opportunities. I got a feeling this one is going to be a mover!
RSI Breakout with Hidden Divergence:
In addition to the double megaphone pattern, RTX is exhibiting a notable breakout on the Relative Strength Index (RSI) with hidden bullish divergence and the highs are currently compromised with clear and visible hidden bearish divergence leading me to believe that we will revisit the 5th swing level (or in the vicinity of) one more time and see how well prices hold.
Current Situation:
At present, NYSE:RTX is approaching a critical juncture within the double megaphone pattern. Traders must evaluate whether the price will push through the upper trendline or revisit the lower trendline, known as the 5th swing in Elliott Wave Theory.
Potential Scenarios:
Managing Breakout:
If RTX manages to break above the upper trendline of the double megaphone pattern, it could signal a bullish continuation, with the potential for further upside momentum. Traders may consider initiating long positions with appropriate risk management strategies in place.
Revisit of 5th Swing (Lower Trendline)
Conversely, if RTX fails to sustain upward momentum and revisits the lower trendline, it could indicate a bearish reversal or consolidation phase. Traders should be prepared for increased volatility and monitor key support levels for potential downside targets.
Key Levels to Watch:
Resistance: Upper trendline of both of the megaphone patterns.
Support: Lower trendline (5th swing) and previous swing lows within the pattern.
Conclusion:
In conclusion, the presence of a double megaphone pattern on the RTX weekly chart suggests heightened volatility and uncertainty in the market. Traders should remain vigilant and adapt their strategies based on the price action relative to the pattern's trendlines. Granted the series of unfortunate events occurring on the global stage I could almost anticipate what is going to happen here in the long term
As always, it's essential to incorporate risk management techniques and exercise caution when navigating such volatile market conditions.
Note: Ensure to identify your price levels accordingly. This analysis is for educational purposes only and should not be construed as financial advice. Traders should conduct their own research and consult with a financial advisor before making any investment decisions.
RTX a defense contractor large cap LONGRTX has earnings on April 23rd. It has been on a good trend higher since the last earnings. The
Russian war means US defense contractors will be in a growth mode for the intermediate
future. Depleted stores of weapons systems need to be replenished. Pieces and parts are
needed for damaged systems in need of maintenance. I see RTX and others such as GD and
LMT as good long-term trades or investments. Smaller companies in the areas of robotics and
drones may be worth a look. RTX is at its all-time high but it seems much higher is in its future.
RTX falls on good earnings and defense budget issuesRTX is part of the boom defense sector thriving because of back orders created by
the Russian war against Ukraine. No matter good earnings it fell this week because
of the defense budget debate in Congress. No matter good intents to rein in the
defend spending escalation and spend in other areas such as social and infrastructure,
Russia has made the world more dangerous and national security of the US and its allies
trumps most spending except perhaps insterest on the national debt and paying the
holders of Treasuries. RTX dropped more than 10% from its tight consolidation range,
I see this dip as an excellent buying opportunity into a leader in the defense sector.
A couple scenarios for RTX swings.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
