Rtx Corporation | RTX

Daily Technical Analysis of Rtx Corporation

There wasn't too much excitement in Rtx today which only managed to move up 0.23% on the day. It looks like RTX could be hitting an upward sloping resistance line. Most traders won't try to short a stock when the line is upsloping. But it may be a good time to take profit or wait for a better entry point for a long position. Rtx has been drifting up over the last few months, we'll see if it has the energy to break through or if buyers decide to take profit.

If the price breaks through the resistance level it will probably move up to the $134.34 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $127 level, hard to say where it will go from there though.

Analyst Ratings for Rtx By Price Target And Rating

The analysts are pretty neutral on RTX right now, so not much useful information here. The current Analysts Sentiment Score is -1.20. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Robert W. Baird announced that they are reiterating a rating of Outperform on 2024-01-16 and also increased their price target by 6.82% to $94.00. Redburn Atlantic released a downgrade on 2023-11-15 from Overweight to Neutral. On 2023-10-27 there was a downgrade announced by DZ Bank from Hold to Sell and dropped their 1 year price target to $68.00 which is down from $79.00. On 2023-10-27 there was a downgrade announced by Deutsche Bank Aktiengesel from Hold to Sell and decided to decrease their price target by -13.92% down to $68.00. Morgan Stanley gave a boost to their price target and moved to $86.00 from $83.00 on 2023-10-25. UBS Group downgraded from Buy to Neutral on 2023-10-10 and they lowered their price target by -27.27% to $80.00 from a previous target of $110.00. Alembic Global Advisors initiated a rating of Neutral on 2023-09-29 and provided a price target of $81.00. Royal Bank of Canada announced that they are reiterating a rating of Sector Perform on 2023-09-25 and added a price target of $82.00. Wells Fargo & Company dropped their price target by -22% to $78.00 on 2023-09-18. Bank of America released a downgrade on 2023-09-14 from Neutral to Underperform and decided to decrease their price target by -21.05% down to $75.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for RTX

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for RTX

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.