Trading Report for Raytheon Technologies Corp RTX

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 75.52
P2 88.65 88.91 80.82
P3 89.37 90.43 86.61

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. 

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.

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.


RTX Long Term Analysis for June 10 2021

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Swing Trading Plans for RTX

June 10, 2021, 6:45 pm ET

Our Swing Trading Plans for RTX help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading 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 88.91, target 90.43, Stop Loss @ 88.65

If 88.91 begins to break higher, the technical summary data tells us to buy RTX just over 88.91, with an upside target of 90.43. The data also tells us to set a stop loss @ 88.65 in case the stock turns against the trade. 88.91 is the first level of resistance above 88.25, and by rule, any break above resistance is a buy signal. In this case, 88.91, 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.

RTX - (Short) Resistance Plan

Short near 88.91, target 86.61, Stop Loss @ 89.17.

The technical summary data is suggesting a short of RTX if it tests 88.91 with a downside target of 86.61. We should have a stop loss in place at 89.17 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, 88.91, 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 Swing Trading Analysis for June 10 2021

Day Trading Plans for RTX

June 10, 2021, 6:45 pm ET

Our Day Trading Plans for RTX help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading 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 88.65, target 88.91, Stop Loss @ 88.44

If 88.65 begins to break higher, the technical summary data tells us to buy RTX just over 88.65, with an upside target of 88.91. The data also tells us to set a stop loss @ 88.44 in case the stock turns against the trade. 88.65 is the first level of resistance above 88.25, and by rule, any break above resistance is a buy signal. In this case, 88.65, 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.

RTX - (Short) Resistance Plan

Short near 88.65, target 86.61, Stop Loss @ 88.86.

The technical summary data is suggesting a short of RTX if it tests 88.65 with a downside target of 86.61. We should have a stop loss in place at 88.86 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, 88.65, 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 Day Trading Analysis for June 10 2021