Current trend

Shares of RTX Corp., an American aerospace and defense conglomerate, are correcting at 113.80.

On Friday, RBC Capital Markets experts maintained the rating of the emitter's shares at the "Sector Perform" level, increasing the target price from 102.0 dollars to 115.0 dollars against the background of a quarterly report reflecting a 9.0% increase in profit (EPS) to 1.41 dollars instead of 1.30 dollars earlier and organic sales by 10.0% thanks to commercial equipment market. TD Cowen experts maintained the rating on the emitter's shares at the "buy" level and increased the target price from 115.0 dollars to 142.0 dollars. In their opinion, the quotes will continue the uptrend, supported by high demand for defense industry products, which may lead to an increase in cash flow (CFPS) to 6.90 dollars in 2026.

According to the company's financial report for the second quarter, revenue reached 19.8 billion dollars, exceeding analysts' forecasts of 19.28 billion dollars and 18.3 billion dollars over the same period last year. Earnings per share (EPS) increased to 1.41 dollars, higher than both preliminary expectations of 1.29 dollars and profit in the same period a year earlier, which amounted to the same 1.29 dollars.

Support and resistance

On the D1 chart, the asset is rising within the channel with the boundaries of 120.00–103.00.

Technical indicators are holding the buy signal, which has started to strengthen again: the Alligator indicator expands its range of EMA fluctuations, and fast EMAs are located above the signal line, while AO oscillator, being close to the transition level, forms ascending bars.

Support levels: 112.60, 105.00.

Resistance levels: 115.40, 122.20.

Trading tips

If the global growth of the asset continues and the price consolidates above the resistance level of 115.40, one may open long positions with the target of 122.20 and stop-loss of 112.00. Implementation period: 7 days and more.

If the asset continues to decline and the price consolidates below the minimum of 112.60, one can open short positions with the target of 105.00 and stop-loss of 115.00.