The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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Raytheon Co. (New)
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageBroken trend resistance line
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It was a third consecutive positive week for the Raytheon Co. (New) (RTN). During the week, the RTN gained 3.20 points, or 1.51%, and closed at 214.56 on Friday, June 08, 2018. Weekly volume was -17% below average.

Long-term trend: [See RTN long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 33.20 and reached 229.75 on April 24, 2018. RTN gained -196.55 points, or -592.02%, in 475 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (56.07) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See RTN medium-term trend chart]
A medium-term uptrend had started on September 22, 2011 at 38.35 and reached 229.75 on April 24, 2018. RTN gained -191.40 points, or -499.09%, in 343 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (138.98) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See RTN weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 27, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. 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 April 24, 2018 at 229.75 and reached 196.94 on May 3, 2018. RTN lost 32.81 points, or 14.28%, in 9 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (213.64) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. RTN may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See RTN daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 10, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.36
Williams' Percentage Range (W%R) 18.50
Overbought
Lane's Stochastic (%D-Slow) 81.16
Overbought
Greed/Fear Indicator (GFI) 72.66
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.83
Williams' Percentage Range (W%R) 42.70
Lane's Stochastic (%D-Slow) 42.67
Greed/Fear Indicator (GFI) 50.72
Moving Average Converg./Diverg. (MACD) 7.54
Trading Signals
Description Value Chart
Upper Bollinger Band 215.72
Price 214.56
Daily Stochastic Crossing 213.81
50 Day Moving Average 213.68
Weekly Trendline Support 213.64
Weekly Stochastic Crossing 211.53
20 Day Moving Average 211.53
Lower Bollinger Band 208.12
Parabolic System 208.11
Weekly Trendline Resistance 204.30
Monthly Trendline Resistance 200.89
Quarterly Trendline Resistance 197.40
Monthly Trendline Support 186.94
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry Aerospace/Defense-Maj Dvd 69
Daily Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Low 196.94
Low Date 05/03/2018
High 214.76
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 204.30
Support 213.64
High 229.75
High Date 04/24/2018
Low 196.94
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 200.89
Support 186.94
Low 95.32
Low Date 07/06/2015
High 229.75
High Date 04/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 197.40
Support 138.98
Low 38.35
Low Date 09/22/2011
High 229.75
High Date 04/24/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 150.60
Support 56.07
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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