When Raytheon Technologies Corp (RTX) Moves Investors should Listen

Source: Stock Traders Daily

Longer Term Trading Plans for RTX
  • Buy RTX over 89.93 target 96.49 stop loss @ 89.67 Details
  • The technical summary data tells us to buy RTX near 89.93 with an upside target of 96.49. This data also tells us to set a stop loss @ 89.67 to protect against excessive loss in case the stock begins to move against the trade. 89.93 is the first level of support below 92.575 , and by rule, any test of support is a buy signal. In this case, support 89.93 would be being tested, so a buy signal would exist.

  • Short RTX under 96.49, target 89.93, stop loss @ 96.77 Details
  • The technical summary data is suggesting a short of RTX as it gets near 96.49 with a downside target of 89.93. We should have a stop loss in place at 96.77though. 96.49 is the first level of resistance above 92.575, and by rule, any test of resistance is a short signal. In this case, if resistance 96.49 is being tested, so a short signal would exist.

Swing Trading Plans for RTX
  • Buy RTX over 96.49, target 103.00, Stop Loss @ 96.21 Details
  • If 96.49 begins to break higher, the technical summary data tells us to buy RTX just over 96.49, with an upside target of 103.00. The data also tells us to set a stop loss @ 96.21 in case the stock turns against the trade. 96.49 is the first level of resistance above 92.575, and by rule, any break above resistance is a buy signal. In this case, 96.49, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RTX near 96.49, target 92.28, Stop Loss @ 96.77. Details
  • The technical summary data is suggesting a short of RTX if it tests 96.49 with a downside target of 92.28. We should have a stop loss in place at 96.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 96.49, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RTX
  • Buy RTX over 93.74, target 96.49, Stop Loss @ 93.52 Details
  • If 93.74 begins to break higher, the technical summary data tells us to buy RTX just over 93.74, with an upside target of 96.49. The data also tells us to set a stop loss @ 93.52 in case the stock turns against the trade. 93.74 is the first level of resistance above 92.575, and by rule, any break above resistance is a buy signal. In this case, 93.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RTX near 93.74, target 92.28, Stop Loss @ 93.96. Details
  • The technical summary data is suggesting a short of RTX if it tests 93.74 with a downside target of 92.28. We should have a stop loss in place at 93.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 93.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

RTX Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Strong Strong
P1 0 0 89.93
P2 90.55 87.13 96.49
P3 93.74 92.28 103.00

RTX Long Term Analysis for June 23 2022


RTX Swing Trading Analysis for June 23 2022


RTX Day Trading Analysis for June 23 2022

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Raytheon Technologies Corp (NYSE: RTX) report below is a real world example. Included are trading plans for RTX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

Graph of Evitar Corte vs. S&P 500

AD