pool adsTrading Report for Raytheon Technologies Corp RTX
This report was produced using AI developed by Stock Traders Daily. Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to Index options, ETFs, and futures. The objective of this specific report is to optimize trading in Raytheon Technologies Corp (NYSE: RTX) while incorporating prudent risk controls.
Warning: This is a static report, and the data was valid at the time of the publication, but support and resistance levels for RTX change over time, and the report should be updated regularly. Real Time updates are provided to subscribers. Unlimited Real Time Reports.
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Instructions: The rules that govern the data in this report are the rules of Technical Analysis. For example, if RTX is testing support buy signals surface, and resistance is the target. Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly. In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.
This data is further refined to differentiate trading plans for Day Trading RTX, Swing Trading RTX, and Long Term Investing plans for RTX too.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 75.52 |
| P2 | 88.65 | 88.91 | 80.82 |
| P3 | 89.37 | 90.43 | 86.61 |
Support and Resistance Plot Chart for RTX
Longer Term Trading Plans for RTX
June 10, 2021, 6:45 pm ET
Our Longer Term Plans for RTX help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this RTX Report.
RTX - (Long) Support Plan
Buy over 86.61 target n/a stop loss @ 86.36.
The technical summary data tells us to buy RTX near 86.61, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 86.36 to protect against excessive loss in case the stock begins to move against the trade. 86.61 is the first level of support below 88.25, and by rule, any test of support is a buy signal. In this case, if support 86.61 is being tested, a buy signal would exist.
RTX - (Short) Resistance Plan
NONE .
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Blue = Current Price
Red= Resistance
Green = Support
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