Trend holds, momentum cools
RTX slips 5.9%, but the ADX has climbed for 7 weeks straight
Our view last week
RTX stock closes the week nearly flat, within a whisker of its record highs (just 1.8% away), with the weekly RSI above 70 and buyers still in control on the daily chart, close to 97% of the volume. But the weekly candle's body keeps thinning and buyer conviction is fading: the buy signal's push, now in its 8th week and up 20% since entry, is losing steam. Technical analysis of RTX stock updated for this week.
This week's summary
RTX slips 5.9% in a week that's still bullish but losing conviction: on the last bar sellers took over from buyers, and dominance collapsed after mixed rejection candles in the days before. The stock still trades firmly above its 50-week average, with the ADX climbing for 7 weeks straight: the trend keeps its footing even as the pace has slowed. The industrial sector, meanwhile, gave back 3.4% this week.
IQS Phase
53
ordinary
Signal Strength
47
medium · weak
Sizing
REDUCED
Ranking
#99 / 167
US stocks in progress
Trade P&L %
+13.10%
from signal to date, no stop loss
Rank position
ranks 99th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 47 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
RTX belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
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