The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Raytheon Co. (New)
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance line
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SAR
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It was a fifth consecutive positive week for the Raytheon Co. (New) (RTN). During the week, the RTN climbed 0.09 points, or 0.04%, and closed at 206.75 on Friday, October 05, 2018. Weekly volume was -31% below average.

Long-term trend: [See RTN long-term trend chart]
A long-term downtrend had started on April 24, 2018 at 229.75 and reached 186.03 on July 26, 2018. RTN lost 43.72 points, or 19.03%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (177.04) 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 long-term trend.

Medium-term trend: [See RTN medium-term trend chart]
A medium-term uptrend had started on July 26, 2018 at 186.03 and reached 210.89 on September 19, 2018. RTN gained -24.86 points, or -13.36%, in 7 weeks. The price is now at the 16.65% retracement level.

Weekly Technical Indicators: [See RTN weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 above its signal line since September 21, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See RTN short-term trend chart]
A short-term uptrend had started on September 5, 2018 at 196.88 and reached 210.89 on September 19, 2018. RTN gained -14.01 points, or -7.12%, in 14 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See RTN daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since September 13, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.75
Williams' Percentage Range (W%R) 18.70
Overbought
Lane's Stochastic (%D-Slow) 79.37
Greed/Fear Indicator (GFI) 71.46
Moving Average Converg./Diverg. (MACD) 1.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.97
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 79.63
Greed/Fear Indicator (GFI) 70.73
Moving Average Converg./Diverg. (MACD) -0.26
Trading Signals
Description Value Chart
Upper Bollinger Band 211.11
Daily Stochastic Crossing 208.22
Weekly Stochastic Crossing 207.31
Price 206.75
20 Day Moving Average 204.21
50 Day Moving Average 200.60
Parabolic System 199.27
Lower Bollinger Band 198.02
Monthly Trendline Support 177.04
Monthly Trendline Resistance 176.76
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Aerospace/Defense-Maj Dvd 135
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 196.88
Low Date 09/05/2018
High 210.89
High Date 09/19/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 186.03
Low Date 07/26/2018
High 210.89
High Date 09/19/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 176.76
Support 177.04
High 229.75
High Date 04/24/2018
Low 186.03
Low Date 07/26/2018
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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