RTX A/S Stock Forecast
Green day on Friday for RTX A/S
(Updated on Jun 28, 2024)
The RTX A/S stock price gained 1.47% on the last trading day (Friday, 28th Jun 2024), rising from kr95.40 to kr96.80. During the last trading day the stock fluctuated 2.10% from a day low at kr95.40 to a day high of kr97.40. The price has fallen in 5 of the last 10 days and is down by -0.21% for this period. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately kr286.82 thousand. 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at kr95.62 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect RTX A/S stock with a 90% probability to be traded between kr97.04 and kr112.22 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RTX.CO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.47%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The RTX A/S stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr100.05. On a fall, the stock will find some support from the short-term average at kr95.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for RTX A/S stock
RTX A/S finds support from accumulated volume at kr96.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr2.00 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RTX.CO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect RTX A/S to open at kr96.53, and during the day (based on 14 day Average True Range), to move between kr93.70 and kr99.90, which gives a possible trading interval of +/-kr3.10 (+/-3.20%) up or down from last closing price. If RTX A/S takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr96.60 (0.21%) than the resistance at kr100.00 (3.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RTX A/S stock A Buy?
RTX A/S holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.664 Sell Candidate Unchanged
Predicted Opening Price for RTX A/S of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr96.53 ( 0.275%) | kr96.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RTX.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 98.53 | 1.79% |
| R2 | 97.77 | 1.00% |
| R1 | 97.30 | 0.514% |
| Price | 96.80 | |
| S1 | 95.77 | -1.06% |
| S2 | 95.30 | -1.55% |
| S3 | 94.53 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 109.00 | 12.60% |
| R2 | 100.50 | 3.82% |
| R1 | 100.00 | 3.31% |
| Price | 96.80 | |
| S1 | 96.60 | -0.207% |
| S2 | 95.00 | -1.86% |
| S3 | 94.60 | -2.27% |
RTX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2021 | Jan 29, 2021 | Jan 29, 2021 | kr2.50 | 1.22% |
| 2 | Jan 24, 2020 | Jan 24, 2020 | Jan 24, 2020 | kr2.50 | 1.02% |
| 3 | Jan 25, 2019 | Jan 25, 2019 | Jan 25, 2019 | kr2.00 | 1.17% |
| 4 | Jan 26, 2018 | Jan 26, 2018 | Jan 26, 2018 | kr2.00 | 1.36% |
| 5 | Jan 27, 2017 | Jan 27, 2017 | Jan 27, 2017 | kr2.00 | 1.37% |
FAQ
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