The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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Raytheon Co. (New)
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Summary:
Weekly :Overbought sectorTrend resistance at 186.30
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a second consecutive positive week for the Raytheon Co. (New) (RTN). During the week, the RTN climbed 0.94 points, or 0.52%, and closed at 180.24 on Friday, May 10, 2019. RTN was trading at average weekly trading volume.

RTN is a member of Industrial Goods Sector. Industrial Goods is the 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 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 trend support level is at 53.82 and resistance is at 251.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See RTN medium-term trend chart]
A medium-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 chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (186.30). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 above its signal line since February 1, 2019. 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 April 25, 2019 at 174.22 and reached 180.94 on May 6, 2019. RTN gained -6.72 points, or -3.86%, in 11 days. The price is now at the 10.42% retracement level.

Daily Technical Indicators: [See RTN daily technical indicators chart]
Daily technical indicators are neutral.

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.

Price is close to the 50 Day Moving Average. 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) 46.10
Williams' Percentage Range (W%R) 69.70
Lane's Stochastic (%D-Slow) 66.45
Greed/Fear Indicator (GFI) 47.62
Moving Average Converg./Diverg. (MACD) -0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.15
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 43.14
Greed/Fear Indicator (GFI) 56.66
Moving Average Converg./Diverg. (MACD) -2.01
Trading Signals
Description Value Chart
Monthly Trendline Resistance 188.93
Monthly Trendline Support 187.20
Quarterly Trendline Resistance 186.30
Upper Bollinger Band 186.05
Parabolic System 183.84
50 Day Moving Average 180.72
20 Day Moving Average 180.35
Price 180.24
Weekly Stochastic Crossing 180.17
Daily Stochastic Crossing 179.40
Lower Bollinger Band 173.50
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Aerospace/Defense-Maj Dvd 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 174.22
Low Date 04/25/2019
High 180.94
High Date 05/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 188.80
High Date 04/24/2019
Low 174.22
Low Date 04/25/2019
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 188.93
Support 187.20
Low 144.27
Low Date 12/26/2018
High 188.80
High Date 04/24/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 186.30
Support 107.28
High 229.75
High Date 04/24/2018
Low 144.27
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 251.88
Support 53.82
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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