Solid News

Raytheon Technologies Corp. Market Update

1/25/2023 3:46 PM

Shares of the American aerospace and defense conglomerate Raytheon Technologies Corp. had been correcting downwards for two weeks in a row, but they rose sharply last session, regaining almost all losses against the background of positive reporting for Q4 2022.

Thus, the company's management announced a net profit of 1.42B dollars, which corresponds to a profit of 0.96 dollars per share and is much higher than the 2021 figures of 0.69B dollars and 0.46 dollars, respectively. Adjusted earnings amounted to 1.87B dollars or 1.27 dollars per share, with experts assuming 1.24 dollars per share. The company's revenue grew by 6.2% to 18.09B dollars, which is also higher than 17.04B dollars in 2021.

Two main factors contributed to the upward dynamics of financial indicators – the growth of air traffic around the world after the weakening of the coronavirus epidemic, which contributes to an increase in sales of aircraft engines and the volume of their maintenance, as well as the escalation of the military conflict between Russia and Ukraine, to which weapons manufactured by Raytheon Technologies Corp. are supplied. These factors are long-term and will support the shares in the future.  


Technically, the price is close to 100.00 (Murray level [8/8]), the breakout of which will give the prospect of further growth to the levels of 103.12 (Murray level [+1/8]) and 106.25 (Murray level [+2/8]). The key for the "bears" remains the 93.75 mark (Murray level [6/8]), which the price unsuccessfully tested last week. If consolidated below it, the decline can continue to the area of 90.62 (Murray level [5/8]) and 87.50 (Murray level [4/8]).

Technical indicators do not give a single signal: the Bollinger Bands are reversing downwards, but the Stochastic is directed upwards, and the MACD histogram is decreasing in the negative zone.

Resistance levels: 100.00, 103.12, 106.25. | Support levels: 93.75, 90.62, 87.50.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Sofia, PO Box 1407,14 Flip Kutev Str. Floor 2, Industrial area Hladilnika, Bulgaria
Call Us
+35 924 928 392


Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using solidecn.com you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2024 SolidECN.com