LOCKHEED MARTIN CORP (LMT) Stock Technical Analysis
NYSE:LMT • US5398301094
Taking everything into account, LMT scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, LMT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that LMT is one of the better performing stocks in the market, outperforming 90% of all stocks.
- A new 52 week high is currently being made by LMT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month LMT has a been trading in the 573.82 - 660.55 range, which is quite wide. It is currently trading near the high of this range.
- LMT has an average volume of 1748750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- LMT is an average performer in the Aerospace & Defense industry, it outperforms 54% of 73 stocks in the same industry.
Although LMT 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.
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418.96
When analyzing the support we can see 5 important areas.
- Support @602.75 from a horizontal line in the daily time frame.
- Support @471.26 from a trend line in the weekly time frame.
- A support zone ranging from 449.06 to 455.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @432.15 from a horizontal line in the weekly time frame.
- Support @423.19 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 652.59 to 652.59. 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 LMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LMT is up. |
| ChartMill Relative Strength | 90.26 | POSITIVE | LMT has a high relative strength, it outperformed 90.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.36 | OVERBOUGHT | The high RSI value suggests LMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.82 | NEGATIVE | The MACD value suggests LMT has a negative trend. |
| Stochastics (14,3) | 89.95 | OVERBOUGHT | The high Stochastics value suggests LMT may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for LMT suggests some volalility. |
| Average Directional Index/ADX (14) | 42.95 | POSITIVE | The high ADX value value for LMT suggests a strong trend. |
649.81
+0.23 (+0.04%)
LOCKHEED MARTIN CORP / LMT FAQ
Can you provide the ChartMill technical rating for LOCKHEED MARTIN CORP?
ChartMill assigns a technical rating of 10 / 10 to LMT.
Can you provide the trend direction for LOCKHEED MARTIN CORP?
The current trend direction for LOCKHEED MARTIN CORP (LMT) is Bullish.
Can you provide the RSI signal for LOCKHEED MARTIN CORP?
LOCKHEED MARTIN CORP (LMT) has an RSI value of 70.3644. This indicates that the stock is currently overbought.
Can you provide the MACD signal for LOCKHEED MARTIN CORP?
The MACD indicator for LOCKHEED MARTIN CORP (LMT) has a value of -0.819582, indicating a bearish trend.
Can you provide the short term momentum for LOCKHEED MARTIN CORP?
The short term momentum for LOCKHEED MARTIN CORP (LMT) is positive.