Raytheon Technical Analysis (NYSE:RTN)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The RTN stock chart pattern can give those who understand technical analysis an indication of which way RTN stock is headed, but cannot predict with 100% certainty as to what can happen to the Raytheon stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Raytheon. Technical analysis uses an approach for Raytheon stock analysis that does not care for the fair value of a company but uses price and volume data only.
Raytheon Moving Average
Moving averages show the average price of RTN stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Raytheon are mostly signals of long term trends and will help long term traders.
Raytheon Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the RTN stock. The stock price is trading between the average and the lower band in the context of Raytheon bollinger bands.
Raytheon Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Raytheon MACD indicator can be used to identify bullish and bearish trends for the stock.
Raytheon Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of RTN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.