Ongoing decline · week 5
RTX falls 2.5% and loses its 50-week average as the decline speeds up
Our view last week
RTX has now closed 4 weeks in a row lower, down 2.4%, after 6 lower highs on the daily chart between September 1 and 23, from the 211 area to the 195 area. RTX stock now rests on its 50-week average, and compared with a week ago the decline has found its pace again. The technical analysis still calls for caution: the daily RSI is at 29, oversold, and the weekly ADX has been losing conviction for 5 weeks. Price action trading terrain among US stocks, with the short up 5.7%.
This week's summary
RTX has lost its 50-week moving average: this week's 2.5% drop, the 5th weekly decline in a row, took the close below the average, in the 187 area, that the stock was resting on 7 days ago. Money flow has weakened sharply and the daily chart shows 6 lower highs between September 8 and 28. The technical analysis of RTX stock still flags a daily RSI at 24, deeply oversold. A swing trading case among US stocks, led by price action, with the short up 8%.
IQS Phase
74
in tension
Signal Strength
62
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#24 / 175
US stocks
Trade P&L %
+8.02%
from signal to date, no stop loss
Rank position
ranks 24th among the 175 sell signals for US stocks in our ranking, with a signal strength of 62 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -0.28% · monthly -1.64%
RTX belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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