The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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Raytheon Co. (New)
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Summary:
Weekly :Overbought sectorLane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Raytheon Co. (New) (RTN). During the week, the RTN gained 5.43 points, or 3.53%, and closed at 159.17 on Friday, January 11, 2019. It was the best weekly gain since November 9, 2018. Weekly volume was -11% below average.

RTN is a member of Industrial Goods Sector. Industrial Goods is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See RTN long-term trend chart]
A long-term downtrend had started on April 24, 2018 at 229.75 and reached 144.27 on December 26, 2018. RTN lost 85.48 points, or 37.21%, in 35 weeks. The price is now at the 17.43% retracement level.

Medium-term trend: [See RTN medium-term trend chart]
A medium-term downtrend had started on September 19, 2018 at 210.89 and reached 144.27 on December 26, 2018. RTN lost 66.62 points, or 31.59%, in 14 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See RTN weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See RTN short-term trend chart]
A short-term downtrend had started on November 9, 2018 at 188.66 and reached 144.27 on December 26, 2018. RTN lost 44.39 points, or 23.53%, in 47 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See RTN daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.76
Williams' Percentage Range (W%R) 51.40
Lane's Stochastic (%D-Slow) 94.98
Strong Overbought
Greed/Fear Indicator (GFI) 65.11
Moving Average Converg./Diverg. (MACD) -5.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.76
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 17.29
Oversold
Greed/Fear Indicator (GFI) 26.06
Moving Average Converg./Diverg. (MACD) -7.70
Trading Signals
Description Value Chart
Upper Bollinger Band 172.38
50 Day Moving Average 168.96
Daily Stochastic Crossing 159.20
Price 159.17
20 Day Moving Average 157.39
Weekly Stochastic Crossing 151.27
Parabolic System 149.26
Lower Bollinger Band 145.68
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Aerospace/Defense-Maj Dvd 66
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 188.66
High Date 11/09/2018
Low 144.27
Low Date 12/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 210.89
High Date 09/19/2018
Low 144.27
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 229.75
High Date 04/24/2018
Low 144.27
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.35
Low Date 09/22/2011
High 229.75
High Date 04/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.20
Low Date 03/12/2009
High 229.75
High Date 04/24/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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