The Greedy Trader Weekly Analysis
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Lockheed Martin Corp.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
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It was a fifth consecutive positive week for the Lockheed Martin Corp. (LMT). During the week, the LMT climbed 1.25 points, or 0.36%, and closed at 347.21 on Friday, October 05, 2018. On Friday LMT has reached 350.9 - the highest level since April 27, 2018. Weekly volume was -22% below 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 (52.07) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Rising Channel chart pattern. The trend support level is at 355.19 and resistance is at 327.08. 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 medium-term trend.

Weekly Technical Indicators: [See LMT weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 10, 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 August 10, 2018 at 311.39 and reached 351.35 on October 3, 2018. LMT gained -39.96 points, or -12.83%, in 54 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See LMT daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since September 12, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.50
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 86.11
Overbought
Greed/Fear Indicator (GFI) 78.93
Moving Average Converg./Diverg. (MACD) 5.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.06
Overbought
Williams' Percentage Range (W%R) 5.10
Strong Overbought
Lane's Stochastic (%D-Slow) 86.90
Overbought
Greed/Fear Indicator (GFI) 81.03
Overbought
Moving Average Converg./Diverg. (MACD) 0.40
Trading Signals
Description Value Chart
Upper Bollinger Band 356.83
Quarterly Trendline Support 355.19
Daily Stochastic Crossing 349.84
Price 347.21
Weekly Stochastic Crossing 346.39
Parabolic System 340.73
20 Day Moving Average 339.37
50 Day Moving Average 328.65
Quarterly Trendline Resistance 327.08
Lower Bollinger Band 323.20
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Aerospace/Defense-Maj Dvd 135
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 311.39
Low Date 08/10/2018
High 351.35
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 291.52
Low Date 06/28/2018
High 351.35
High Date 10/03/2018
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 Rising Channel
Status Valid
Resistance 327.08
Support 355.19
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 72.69
Support 52.07
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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