RTX's 15-minute chart sees MACD Death Cross and KDJ Death Cross.

The 15-minute chart for RTX has recently triggered two bearish indicators: the MACD Death Cross and the KDJ Death Cross, which occurred on August 5th at 10:30. These indicators suggest that the stock price may continue to decline, with the momentum shifting towards the downside and potentially leading to further decreases.

RTX Corporation (NYSE: RTX) has recently experienced a significant shift in market sentiment, as indicated by two bearish indicators on the 15-minute chart: the MACD Death Cross and the KDJ Death Cross, which both triggered on August 5th at 10:30. These indicators suggest that the stock price may continue to decline, with momentum shifting towards the downside and potentially leading to further decreases.

Despite these bearish signals, it is essential to consider the broader context of RTX's financial health and growth prospects. The company holds a substantial and expanding backlog of $236 billion, which serves as a direct indicator of forward topline growth [1]. This backlog, composed of $144 billion in commercial orders and $92 billion in defense, provides a strong book-to-bill ratio of 1.86, signaling robust demand and potential for future revenue growth.

One of the primary long-term catalysts for RTX is the multi-billion dollar Golden Dome defense project. With initial estimates of $175 billion and the potential to exceed $1 trillion over its lifetime, this project could significantly reshape RTX's revenue and profit profile for a decade or more [1]. The company's established progress in missile defense and space operations positions it as a prime beneficiary of this market opportunity.

Moreover, RTX is capitalizing on global rearmament and military modernization, which have created a diversified and growing international demand pipeline. For instance, Poland finalizing a $4 billion U.S. loan guarantee for its military upgrade supports the acquisition of advanced systems, including Patriot air-defense batteries, which are a core product for RTX [1]. This trend in main demand regions and strategic deals ensures a constant flow of international orders, further bolstering RTX's backlog.

However, RTX faces specific forward risks, including the impact of tariffs on profitability and the ongoing powdered metal crisis within the Pratt & Whitney engine fleet. Tariffs have directly led to a reduction in the company's earnings guidance, with the full-year adjusted EPS guidance now in the range of $5.8 to $5.95, down from the prior range of $6 to $6.15 [1]. The powdered metal issue necessitates an accelerated inspection program for a major portion of the PW1100 engine fleet, leading to a peak of 350 to 650 aircraft on the ground and a projected cash outflow of $1.2 billion in 2025 [1].

These operational and financial challenges highlight the multi-faceted risks facing RTX. Despite these headwinds, the company's long-term growth prospects, driven by a massive visible backlog, long-term defense projects, international and commercial demand, and technological advancements, remain promising. However, investors should closely monitor the stock's performance and be prepared for potential volatility in the near term.

References:
[1] https://seekingalpha.com/article/4808633-rtx-corporation-backlog-growth-big-market-opportunity-faces-cash-drain-tariffs-risks