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Aerospace & Defense Industry Stocks Technical Analysis - LHXArchive
- 4/19/2024 -
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L3Harris T (LHX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the L3Harris T (LHX). During the week, the LHX gained 2.83 points, or 1.40%, and closed at 205.45 on Friday, April 19, 2024. Weekly volume was -23% below average.
LHX is a member of Industrials Sector. Industrials is the second 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 LHX long-term trend chart]
A long-term downtrend had started on March 7, 2022 at 279.71 and reached 160.25 on October 6, 2023. LHX lost 119.46 points, or 42.71%, in 82 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See LHX medium-term trend chart]
A medium-term downtrend had started on March 5, 2024 at 218.34 and reached 200.18 on April 16, 2024. LHX lost 18.16 points, or 8.32%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (199.62) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.
 Weekly Technical Indicators: [See LHX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See LHX short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 200.18 and reached 205.59 on April 19, 2024. LHX gained -5.41 points, or -2.70%, in 3 days. Price is near the trend high.
Daily Technical Indicators: [See LHX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 6, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Aerospace & Defense |
80 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
200.18 |
| Low Date |
04/16/2024 |
| High |
205.59 |
| High Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
200.18 |
| Low Date |
04/16/2024 |
| High |
205.59 |
| High Date |
04/19/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
204.90 |
| Support |
199.62 |
| High |
218.34 |
| High Date |
03/05/2024 |
| Low |
200.18 |
| Low Date |
04/16/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
160.25 |
| Low Date |
10/06/2023 |
| High |
218.34 |
| High Date |
03/05/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
279.71 |
| High Date |
03/07/2022 |
| Low |
160.25 |
| Low Date |
10/06/2023 |
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