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- 1 RTX stock price increased by 0.58% over the past week and is trading below major EMA’s.
- 2 RTX Corporation. ( NYSE: RTX) stock’s 52-week price range is $80 – $104.
The RTX stock recently made an announcement regarding its dividends report which is about to be publicized by August September 7th, 2023, the dividend amount to be paid is $0.59, this news was made available on August 17th.
RTX has a debt-to-equity ratio of 47.7%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between RTX’s total assets of $162.16 Billion and total liabilities of $88.07 Billion. RTX’s debt is $35.35 Billion, while its equity is $74.09 Billion.
RTX experienced a decline in its earnings at a rate of 7.9% per year on average, according to Simply Wall St., a financial website. The defense and aerospace industry’s average annual earnings growth is 5.9%. Therefore, RTX’s earnings are higher than the industry average.
RTX stock is good value based on its ratio Price-To-Earnings Ratio which is 22.5x compared to the US Aerospace & Defense industry average which is 25.3x. RTX is trading below more than 20% by fair value. RTX earnings which is 11.9% per year and are forecast to grow slower than the US market by 15.6% per year. RTX stock’s revenue is 6.3% per year and is forecast to grow slower than the US market by 7.7% per year.
RTX’s stock market capitalization is $125.233 Billion and the total revenue is $67.074 Billion. Moreover, the stock’s basic EPS is $3.80 and the price-to-earnings ratio is 22.62.
Technical Analysis of RTX Stock Price in 1-D Timeframe
The price action shows that RTX Corporation’s ( NYSE: RTX) stock price was in a downtrend from the last three months and fell by 7.99%.
At the time of writing, (RTX) at the demand zone and the CMP is $86.04.
Therefore, if RTX fails to maintain the current level. The RTX price could continue to drag downwards and hit the nearest support levels around $84.30 and $81.54.
However, if the stock price sustains the current level and the RTX price increases, then it might reach the nearest resistance levels of $88.89 and $92.17.
At the time of publishing, RTX Corporation. (NYSE: RTX) is trading below the 20, 50, 100, and 200-day major exponential moving averages (EMA), which highlights an upward trend in the RTX price (RTX).
The current value of RSI is 40.47 points. The 14 SMA is below the median line at 36.00 points which indicates that RTX is in bearish territory and the RSI took support from 14 SMA and might be aiming towards an overbought zone suggesting bullishness.
The MACD line at 1.88 and signal line at 2.22 are below the zero line and both lines are narrowing towards each other. A bullish crossover might occur next in the MACD oscillator which expresses bullishness for the RTX stock price.
Summary
RTX Corporation (NYSE: RTX) stock, highlights that the investors and traders of the stock price are positive over the daily time frame(1-D). The price action also shares positive bullish views at the press time. The technical analysis tools of RTX stock price also support bullishness. The EMA, RSI, and MACD suggest upward signals and highlight that an uptrend may go on in RTX price.
Technical Levels
- Support levels: The nearest support levels for the RTX stock price are $84.30 and $81.54.
- Resistance levels: The nearest resistance levels for the RTX stock price are $88.89 and $92.17.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
