LOCKHEED MARTIN CORP (LMT) Stock Technical Analysis
NYSE:LMT - New York Stock Exchange, Inc. - US5398301094 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to LMT. LMT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
86% of all other stocks performed better in the past year than LMT.
LMT is part of the Aerospace & Defense industry. There are 67 other stocks in this industry, of which 78% are performing better than LMT.
LMT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
LMT has an average volume of 1874420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month LMT has a been trading in the 410.11 - 474.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of LMT is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
406.62
491.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 421.00 to 431.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @410.73 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 450.34 to 453.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @462.82 from a trend line in the daily time frame.
- A resistance zone ranging from 478.32 to 486.46. 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 | DOWN | NEGATIVE | The long term trend for LMT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LMT is neutral. |
| ChartMill Relative Strength | 14.43 | NEGATIVE | LMT has a low relative strength, it was outperformed by 85.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LMT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LMT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LMT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.29 | NEUTRAL | The RSI value for LMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.7 | POSITIVE | The MACD value suggests LMT has a positive trend. |
| Stochastics (14,3) | 78.56 | NEUTRAL | The Stochastics value for LMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for LMT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.86 | POSITIVE | The high ADX value value for LMT suggests a strong 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)
442.57
+11.01 (+2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg2.55%
1 Week1.78%
2 Weeks5.71%
1 Month-6.13%
3 Month-5.5%
6 Month4.58%
12 Month-20.99%
2 Year-1.29%
3 Year5.35%
5 Year13.4%
10 Year119.99%
15 Year536.61%
Volatility
ATR(14)7.53
ATR(20)%2.26%
ATR Inc21.96%
Range Today12.03
ADR(20)8.78
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.43
Mansfield-1.88
10 Day High443.45
10 Day Low412.55
20 Day High474.4
20 Day Low410.11
52 Week High618.95
52 Week Low410.11
CS1 End431.91
CR1 Start450.34
Volume & EV
DER(3)4.34%
DER(5)1.73%
Volume1.89M
Volume Incr-30.82%
Vol(5)1.56M
Vol(50)1.87M