The Greedy Trader Weekly Analysis
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Lockheed Martin Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the pricePrice has crossed above the 50 Day Moving AverageBroken trend support lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Lockheed Martin Corp. (LMT). During the week, the LMT climbed 2.28 points, or 0.73%, and closed at 315.85 on Friday, December 08, 2017. LMT was trading at average weekly trading volume.

LMT is a member of Industrial Goods Sector. Industrial Goods is the most overbought 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 322.19 on October 13, 2017. LMT gained -264.78 points, or -461.21%, in 449 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (53.43) 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 322.19 on October 13, 2017. LMT gained -255.83 points, or -385.52%, in 322 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 259.39 and resistance is at 325.79. 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.

The weekly MACD line is below its signal line since October 27, 2017. 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 322.19 on October 13, 2017. LMT gained -76.69 points, or -31.24%, in 305 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (318.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. LMT may retest the broken support line. It is considered to be a resistance line now. 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 support in a short-term trend.

Daily Technical Indicators: [See LMT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (318.46) comes close to the price (315.85). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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) 59.75
Williams' Percentage Range (W%R) 80.10
Oversold
Lane's Stochastic (%D-Slow) 23.01
Greed/Fear Indicator (GFI) 34.22
Moving Average Converg./Diverg. (MACD) 0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.75
Williams' Percentage Range (W%R) 28.80
Lane's Stochastic (%D-Slow) 60.21
Greed/Fear Indicator (GFI) 62.70
Moving Average Converg./Diverg. (MACD) 10.11
Trading Signals
Description Value Chart
Weekly Trendline Resistance 327.96
Quarterly Trendline Resistance 325.79
Upper Bollinger Band 320.23
Weekly Trendline Support 318.52
Parabolic System 318.46
Price 315.85
Weekly Stochastic Crossing 314.82
20 Day Moving Average 314.32
50 Day Moving Average 314.11
Daily Stochastic Crossing 313.10
Lower Bollinger Band 308.10
Quarterly Trendline Support 259.39
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Aerospace/Defense-Maj Dvd 87
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 303.31
Low Date 10/26/2017
High 321.21
High Date 11/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 327.96
Support 318.52
Low 245.50
Low Date 12/12/2016
High 322.19
High Date 10/13/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 228.50
Low Date 10/21/2016
High 322.19
High Date 10/13/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 325.79
Support 259.39
Low 66.36
Low Date 08/11/2011
High 322.19
High Date 10/13/2017
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 74.05
Support 53.43
Low 57.41
Low Date 03/06/2009
High 322.19
High Date 10/13/2017
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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