China Excludes 46 U.S. Companies from Public Tenders

China's decision to bar 46 US companies from public procurement could negatively impact BA shares due to escalating global trade tensions. The stock has declined 3.37% in the last 24 hours, with the RSI14 indicator at 44.69. A negative divergence exists between the MACD and MACD signal lines, suggesting a potential continuation of the short-term downtrend.

The news points to a geopolitical tension that could directly affect defense companies such as LMT. Technical indicators already present a weak outlook: RSI at 32.8 is near oversold territory, MACD is below the signal line, and the price is below both the 20-day and 50-day moving averages. The 4.5% decline in the last 24 hours indicates continued selling pressure. With negative news flow and technical weakness combined in the short term, the downtrend is expected to persist.

The news that China has banned 46 US companies from public procurement is escalating trade tensions and could negatively impact defense industry firms such as RTX. Technically, the RSI is at 46, indicating a neutral zone, but the price is trading below the 20-day moving average (187.94) and the MACD is below the signal line, suggesting short-term weakness. The slight decline over the last 24 hours (-0.12%) and weakening momentum indicators point to potential selling pressure from the news. However, the 50-day moving average (184.72) may act as a nearby support level, limiting the downside.