Current trend

Shares of RTX Corp., an American aerospace and defense conglomerate, have been correcting downwards against the long-term uptrend since the end of last month. During this time, the price entered the negative part of the main Murrey trading range and tested its lower border of 118.75 (Murrey level [0/8]). From here, the quotes may begin to recover and, after a breakout of the reversal mark of 121.88 (Murrey level [2/8]), reach ​​125.00 (Murrey level [4/8]) and 128.12 (Murrey level [6/8]). If the asset consolidates below 118.75, a decline to the region of 115.62 (Murrey level [–2/8]) and 112.50 (Murrey level [5/8]) is likely.

Technical indicators reflect the formation of a downward trend: Bollinger Bands and Stochastic are reversing downwards, and the MACD histogram is stable in the negative zone.

Support and resistance

Resistance levels: 121.88, 125.00, 128.12.

Support levels: 118.75, 115.62, 112.50.

Trading tips

Short positions may be opened below 118.75, with the targets at 115.62, 112.50, and stop loss around 121.00. The implementation period for the scenarios is 5–7 days.

Long positions may be opened above 121.88, with the targets at 125.00, 128.12, and stop loss around ​​119.60.