Current trend

Shares of RTX Corp., an American aerospace and defense conglomerate, are moving as part of a long-term upward trend, have been trying to break the pivot level of 106.25 (Murrey level [6/8]) for two weeks. After the breakout, the positive trend will continue to the area of 109.38 (Murrey level [7/ 8]) and 112.50 (Murrey level [8/8]). If the key “bearish” central level of the Murrey trading range of 100.00 (Murrey level [4/8]), supported by the lower line of Bollinger Bands, is broken, a change in trend and a decline to the area of 93.75 (Murrey level [2/8]) and 90.62 (Murrey level [1/8]) are expected.

Technical indicators reflect continued growth: Bollinger Bands and Stochastic are directed upward, and the MACD histogram is stable in the positive zone.

Support and resistance

Resistance levels: 106.25, 109.38, 112.50.

Support levels: 100.00, 93.75, 90.62.

Trading tips

Long positions may be opened above 106.25, with the targets at 109.38, 112.50 and stop loss 104.15. Implementation time: 5–7 days.

Short positions may be opened below 100.00, with the targets at 93.75, 90.62 and stop loss 103.15.