Sixth week: bullish candle near record highs
RTX stock gains 1.1%, confirmed by a bullish engulfing candle
Sixth week: bullish candle near record highs
Our view last week
RTX shares close the week with a 10% surge, driven by the double bottom in the 179 area and now within 1% - 0.99% - of their all-time highs. Daily RSI climbs to 74, into overbought territory, and earnings land this very week: discipline calls for caution. The buy signal is in its fifth week, with the stop already moved to breakeven.
This week's summary
RTX shares close the week up 1.1%, with a bullish engulfing candle on the daily chart that fully swallows the prior bearish session - 84% of the day's volume on the buy side. The stock is working within a whisker of its record highs, but the weekly candle's body has shrunk: early signs of a fading push. The buy signal is now in its 6th week, up 16% since entry. Weekly technical analysis of the RTX stock setup.
IQS Phase
74
in tension
Signal Strength
38
medium · weak
Sizing
REDUCED
Ranking
#93 / 120
US stocks in progress
Trade P&L %
+15.96%
from signal to date, no stop loss
Rank position
ranks 93rd among the 120 Longs already running for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
RTX belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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