L3HARRIS TECHNOLOGIES INC (LHX) Stock Technical Analysis
NYSE:LHX - US5024311095 - Common Stock
276.17 USD
+0.4 (+0.15%)
276.17 USD
0 (0%)
Taking everything into account, LHX scores 8 out of 10 in our technical rating. Although LHX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
LHX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
LHX has an average volume of 1311090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, LHX did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
LHX is an average performer in the Aerospace & Defense industry, it outperforms 43% of 68 stocks in the same industry.
In the last month LHX has a been trading in a tight range between 267.25 and 280.52.
Considerably lower volume is observed in the last couple of days.
LHX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 276.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 273.85, a Stop Loss order could be placed below this zone.
More info and screens
200.59
281.05
3 important support areas can be observed.
- A support zone ranging from 269.71 to 273.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 210.91 to 213.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @202.62 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 276.91 to 278.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LHX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LHX is up. |
| ChartMill Relative Strength | 75.93 | POSITIVE | LHX has a high relative strength, it outperformed 75.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LHX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LHX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LHX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.99 | NEUTRAL | The RSI value for LHX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests LHX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.15 | NEUTRAL | The Stochastics value for LHX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for LHX suggests low volalility. |
| Average Directional Index/ADX (14) | 23.08 | NEUTRAL | The ADX value for LHX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 278.28 | 269.70 | 8.58 (3.08%) | 25.00% |
| An entry @278.28. This is a Buy Stop order right above the resistance zone. | An exit @269.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.58 points, which is 3.08%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
276.17
+0.4 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.15%
1 Week1.56%
2 Weeks2.16%
1 Month2.49%
3 Month13.03%
6 Month33.99%
12 Month16.69%
2 Year55.07%
3 Year21.03%
5 Year52.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.66
ATR(20)%1.38%
ATR Inc-9.4%
Range Today2.53
ADR(20)3.73
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.93
Mansfield0.81
10 Day High279.15
10 Day Low268.04
20 Day High280.52
20 Day Low267.25
52 Week High280.52
52 Week Low193.09
CS1 End273.85
CR1 Start276.91
Volume & EV
DER(3)2.7%
DER(5)2.36%
Volume704.70K
Volume Incr-41.32%
Vol(5)842.00K
Vol(50)1.31M