The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Raytheon Co. (New)
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Summary:
Weekly :Broken trend resistance lineTrend resistance at 201.72
Daily :Broken trend resistance line
Move cursor over the icon to see details.

It was a first positive week for the Raytheon Co. (New) (RTN). During the week, the RTN climbed 0.55 points, or 0.28%, and closed at 196.35 on Friday, August 10, 2018. Weekly volume was -26% 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 (56.47) 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 price is near the trend resistance line (201.72). 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 below its signal line since April 27, 2018. 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 186.03 on July 26, 2018. RTN lost 43.72 points, or 19.03%, in 93 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (185.14) is broken. A broken support is considered to be a long-term bullish signal. 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 technical indicators are neutral.

The daily MACD line is above its signal line since July 30, 2018. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.21
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 71.04
Greed/Fear Indicator (GFI) 59.73
Moving Average Converg./Diverg. (MACD) -0.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.20
Williams' Percentage Range (W%R) 77.60
Lane's Stochastic (%D-Slow) 34.31
Greed/Fear Indicator (GFI) 33.37
Moving Average Converg./Diverg. (MACD) 1.34
Trading Signals
Description Value Chart
Monthly Trendline Resistance 206.36
Upper Bollinger Band 201.78
Quarterly Trendline Resistance 201.72
50 Day Moving Average 199.33
20 Day Moving Average 197.47
Daily Stochastic Crossing 197.09
Price 196.35
Weekly Trendline Resistance 194.70
Monthly Trendline Support 192.41
Lower Bollinger Band 192.32
Weekly Stochastic Crossing 192.10
Parabolic System 190.38
Weekly Trendline Support 185.14
Sector and Industry
Description Name Rank
Sector Industrial Goods 3
Industry Aerospace/Defense-Maj Dvd 32
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 202.62
High Date 07/18/2018
Low 186.03
Low Date 07/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 194.70
Support 185.14
High 229.75
High Date 04/24/2018
Low 186.03
Low Date 07/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 206.36
Support 192.41
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 Test Resistance
Resistance 201.72
Support 141.68
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 152.72
Support 56.47
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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