Lockheed Martin Corp.
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|It was the negative week for the Lockheed Martin Corp. (LMT). During the week, the LMT gave back -1.23 points, or -0.36%, and closed at 340.49 on Friday, March 09, 2018. Weekly volume was 35% above average. |
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 (53.03) 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 price is near the trend resistance line (337.23). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
Weekly Technical Indicators: [See LMT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 5, 2018. This is an indication that the medium-term trend is up. 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 December 12, 2016 at 245.50 and reached 363.00 on February 16, 2018. LMT gained -117.50 points, or -47.86%, in 431 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 338.13 and resistance is at 346.08. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
Daily Technical Indicators: [See LMT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since February 27, 2018. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.