Raytheon Technologies Corp (RTX)
Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Waltham, Massachusetts. It is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization. Raytheon Technologies (RTX) researches, develops, and manufactures advanced technology products in the aerospace and defense industry, including aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites, and drones.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 67.47% per annum.
- RTX price at the close of November 19, 2024 was $118.96 and was lower than the bottom border of the primary price channel by $3.61 (2.94%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.80% per annum.
- RTX price at the close of November 19, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of RTX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 11, 2023
End date: October 30, 2024
a = 2.2938
b = 0.0014
s = 0.0323
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 67.47%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0323) – 1
= 13.81%
September 11, 2023 calculations
Top border of price channel:
Exp(Y956)
= Exp(a + b × X956 + 2 × s)
= Exp(a + b × 1,391 + 2 × s)
= Exp(2.2938 + 0.0014 × 1,391 + 2 × 0.0323)
= Exp(4.3235)
= $75.45
Bottom border of price channel:
Exp(Y956)
= Exp(a + b × X956 – 2 × s)
= Exp(a + b × 1,391 – 2 × s)
= Exp(2.2938 + 0.0014 × 1,391 – 2 × 0.0323)
= Exp(4.1942)
= $66.30
October 30, 2024 calculations
Top border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 + 2 × s)
= Exp(a + b × 1,806 + 2 × s)
= Exp(2.2938 + 0.0014 × 1,806 + 2 × 0.0323)
= Exp(4.9097)
= $135.60
Bottom border of price channel:
Exp(Y1,243)
= Exp(a + b × X1,243 – 2 × s)
= Exp(a + b × 1,806 – 2 × s)
= Exp(2.2938 + 0.0014 × 1,806 – 2 × 0.0323)
= Exp(4.7804)
= $119.15
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 67.47% per annum.
- RTX price at the close of November 19, 2024 was $118.96 and was lower than the bottom border of the primary price channel by $3.61 (2.94%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: July 30, 2024
End date: November 19, 2024
a = 3.7909
b = 0.0006
s = 0.0207
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0006) – 1
= 22.80%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0207) – 1
= 8.65%
July 30, 2024 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,714 + 2 × s)
= Exp(3.7909 + 0.0006 × 1,714 + 2 × 0.0207)
= Exp(4.7967)
= $121.12
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,714 – 2 × s)
= Exp(3.7909 + 0.0006 × 1,714 – 2 × 0.0207)
= Exp(4.7138)
= $111.47
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(3.7909 + 0.0006 × 1,826 + 2 × 0.0207)
= Exp(4.8598)
= $128.99
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(3.7909 + 0.0006 × 1,826 – 2 × 0.0207)
= Exp(4.7768)
= $118.73
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 22.80% per annum.
- RTX price at the close of November 19, 2024 was inside the secondary price channel.