RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RTX
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Raytheon Technologies stock price up 0.0821% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 14, 2024 Gain 6.29% PDF

The Raytheon Technologies stock price gained 0.0821% on the last trading day (Thursday, 28th Mar 2024), rising from $97.45 to $97.53. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.626% from a day low at $97.47 to a day high of $98.08. The price has risen in 8 of the last 10 days and is up by 6.29% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately $464.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a narrow and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $97.76 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.50% during the next 3 months and, with a 90% probability hold a price between $103.13 and $108.02 at the end of this 3-month period.

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RTX Signals & Forecast

The Raytheon Technologies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $95.90 and $91.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 8.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Raytheon Technologies stock

On the downside, the stock finds support just below today's level from accumulated volume at $92.17 and $91.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Raytheon Technologies finds support just below today's level at $92.17. If this is broken, then the next support from accumulated volume will be at $91.76 and $89.55.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.610 between high and low, or 0.626%. For the last week, the stock has had daily average volatility of 1.12%.

The Raytheon Technologies stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $93.64 (-3.99%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (RTX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Raytheon Technologies Corporation to open at $97.69, and during the day (based on 14 day Average True Range), to move between $96.19 and $98.87, which gives a possible trading interval of +/-$1.34 (+/-1.37%) up or down from last closing price. If Raytheon Technologies Corporation takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $92.17, some $5.36 (5.50%) from the current price of $97.53, our system finds the risk reward attractive.

Is Raytheon Technologies Corporation stock A Buy?

Raytheon Technologies holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Raytheon Technologies Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$97.69 ( 0.167%) $97.53

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RTX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 98.30 0.793 %
R2 98.07 0.554 %
R1 97.93 0.406 %
Current price: 97.53
Support S1 97.46 -0.0715 %
S2 97.32 -0.219 %
S3 97.08 -0.458 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 97.53
Support S1 92.17 -5.50%
S2 91.76 -5.92%
S3 89.55 -8.18%

RTX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 02, 2024 Feb 22, 2024 Mar 21, 2024 $0.590 0.626%
2 Oct 11, 2023 Nov 16, 2023 Dec 14, 2023 $0.590 0.721%
3 Jun 05, 2023 Aug 17, 2023 Sep 07, 2023 $0.590 0.700%
4 Apr 24, 2023 May 18, 2023 Jun 15, 2023 $0.590 0.602%
5 Feb 03, 2023 Feb 23, 2023 Jun 15, 2023 $0.550 0.561%

FAQ

What is the symbol for Raytheon Technologies Stock and on which exchange is it traded?
The symbol for Raytheon Technologies is RTX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Raytheon Technologies Stock?
Raytheon Technologies holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Raytheon Technologies Stock?
Raytheon Technologies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Raytheon Technologies Stock.

What's the current price of Raytheon Technologies Stock?
As of the end of day on the 2024-03-28, the price of an Raytheon Technologies (RTX) share was $97.53.

What is the 52-week high and low for Raytheon Technologies Stock?
The 52-week high for Raytheon Technologies Stock is $104.91 and the 52-week low is $68.56.

What is the market capitalization of Raytheon Technologies Stock?
As of the 2024-03-28, the market capitalization of Raytheon Technologies is 129.68B.

When is the next earnings date for Raytheon Technologies?
The upcoming earnings date for Raytheon Technologies is Apr 23, 2024.
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About Raytheon Technologies Corporation

Raytheon Technologies Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and ... RTX Profile

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