|
|
|
|
Archive
- 4/26/2024 -
Sign In to see current Signals. |
Lockheed Martin Corp. (LMT) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Lockheed Martin Corp. (LMT). During the week, the LMT gave back -2.58 points, or -0.56%, and closed at 461.29 on Friday, April 26, 2024. Weekly volume was 16% above average.
LMT 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 LMT long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 57.41 and reached 508.10 on April 18, 2023. LMT gained -450.69 points, or -785.04%, in 736 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 342.48 and resistance is at 588.27. 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 long-term trend.
 Medium-term trend: [See LMT medium-term trend chart]
A medium-term downtrend had started on April 18, 2023 at 508.10 and reached 393.79 on October 6, 2023. LMT lost 114.31 points, or 22.50%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (425.23) 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 LMT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 22, 2024. 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 April 10, 2024 at 442.84 and reached 473.54 on April 23, 2024. LMT gained -30.70 points, or -6.93%, in 13 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See LMT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 18, 2024. 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.
A Parabolic SAR (stop and reversal) indicator (459.05) comes close to the price (461.29). 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.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Aerospace & Defense |
86 |
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Low |
442.84 |
| Low Date |
04/10/2024 |
| High |
473.54 |
| High Date |
04/23/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
413.92 |
| Low Date |
02/14/2024 |
| High |
473.54 |
| High Date |
04/23/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
393.79 |
| Low Date |
10/06/2023 |
| High |
473.54 |
| High Date |
04/23/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
450.39 |
| Support |
425.23 |
| High |
508.10 |
| High Date |
04/18/2023 |
| Low |
393.79 |
| Low Date |
10/06/2023 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
588.27 |
| Support |
342.48 |
| Low |
57.41 |
| Low Date |
03/06/2009 |
| High |
508.10 |
| High Date |
04/18/2023 |
|
|