The Greedy Trader Weekly Analysis
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Lockheed Martin Corp.
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Summary:
Weekly :Oversold sectorBroken trend resistance lineStochastic signal line moved above oversold area
Daily :Lane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Lockheed Martin Corp. (LMT). During the week, the LMT gained 19.18 points, or 6.41%, and closed at 318.37 on Friday, July 13, 2018. LMT was trading at average weekly trading volume.

LMT is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See LMT long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 57.41 and reached 363.00 on February 16, 2018. LMT gained -305.59 points, or -532.29%, in 467 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (52.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See LMT medium-term trend chart]
A medium-term uptrend had started on August 11, 2011 at 66.36 and reached 363.00 on February 16, 2018. LMT gained -296.64 points, or -447.02%, in 340 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 277.88 and resistance is at 371.77. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See LMT weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 9, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See LMT short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 291.52 and reached 319.50 on July 13, 2018. LMT gained -27.98 points, or -9.60%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See LMT daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic.

The daily MACD line is above its signal line since July 3, 2018. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.05
Williams' Percentage Range (W%R) 20.80
Lane's Stochastic (%D-Slow) 90.27
Strong Overbought
Greed/Fear Indicator (GFI) 82.51
Overbought
Moving Average Converg./Diverg. (MACD) -3.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.93
Williams' Percentage Range (W%R) 69.00
Lane's Stochastic (%D-Slow) 21.48
Greed/Fear Indicator (GFI) 31.43
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 371.77
Upper Bollinger Band 319.37
Price 318.37
Daily Stochastic Crossing 317.03
50 Day Moving Average 312.81
Parabolic System 305.10
20 Day Moving Average 302.93
Weekly Stochastic Crossing 299.20
Lower Bollinger Band 294.23
Quarterly Trendline Support 277.88
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Aerospace/Defense-Maj Dvd 24
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 291.52
Low Date 06/28/2018
High 319.50
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 291.52
Low Date 06/28/2018
High 319.50
High Date 07/13/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 363.00
High Date 02/16/2018
Low 291.52
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 371.77
Support 277.88
Low 66.36
Low Date 08/11/2011
High 363.00
High Date 02/16/2018
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 73.08
Support 52.46
Low 57.41
Low Date 03/06/2009
High 363.00
High Date 02/16/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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