L3HARRIS TECHNOLOGIES INC (LHX) Stock Technical Analysis
NYSE:LHX - New York Stock Exchange, Inc. - US5024311095 - Common Stock - Currency: USD
Overall LHX gets a technical rating of 8 out of 10. 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.
LHX is part of the Aerospace & Defense industry. There are 66 other stocks in this industry, of which 67% are performing better than LHX.
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.
In the last month LHX has a been trading in the 243.84 - 261.14 range, which is quite wide. It is currently trading near the high of this range.
LHX has an average volume of 1488730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, LHX turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
Although LHX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
200.59
266.87
6 important support areas can be observed.
- A support zone ranging from 252.42 to 257.17. 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 246.64 to 246.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 240.31 to 242.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @213.59 from a horizontal line in the daily time frame.
- Support @207.58 from a trend line in the weekly time frame.
- Support @202.62 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 260.61 to 264.23. 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 | 69.86 | NEUTRAL | LHX is not amongst the best or worst performers 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) | 70.16 | OVERBOUGHT | The high RSI value suggests LHX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests LHX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.58 | OVERBOUGHT | The high Stochastics value suggests LHX may be overbought. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for LHX suggests low volalility. |
| Average Directional Index/ADX (14) | 24.55 | 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 |
|---|---|---|---|
| 264.24 | 252.41 | 11.83 (4.48%) | 22.34% |
| An entry @264.24. This is a Buy Stop order right above the resistance zone. | An exit @252.41. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.83 points, which is 4.48%. | When investing 22.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
259.55
-0.55 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-0.21%
1 Week1.49%
2 Weeks5.17%
1 Month5.22%
3 Month16.9%
6 Month24.62%
12 Month12.34%
2 Year36.97%
3 Year8.16%
5 Year54.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.3
ATR(20)%1.9%
ATR Inc-18.8%
Range Today3.06
ADR(20)4.75
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.86
Mansfield0.49
10 Day High261.14
10 Day Low245.12
20 Day High261.14
20 Day Low243.84
52 Week High265.74
52 Week Low193.09
CS1 End257.17
CR1 Start260.61
Volume & EV
DER(3)2.41%
DER(5)0.69%
Volume954.60K
Volume Incr-17.79%
Vol(5)1.11M
Vol(50)1.49M