LMT Technical Analysis - LOCKHEED MARTIN CORP

Technical Rating and Analysis

Taking everything into account, LMT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, LMT is a bad performer.

When comparing the yearly performance of all stocks, LMT is a bad performer in the overall market: 78% of all stocks are doing better.

LMT is one of the lesser performing stocks in the Aerospace & Defense industry. 73% of 69 stocks in the same industry do better.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month LMT has a been trading in the 446.69 - 495.24 range, which is quite wide. It is currently trading near the high of this range.

LMT has an average volume of 1775120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

LMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LMT is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LOCKHEED MARTIN CORP / LMT Weekly stock chart

LOCKHEED MARTIN CORP / LMT Daily stock chart

Setup Rating and Analysis

Although LMT has an excellent technical rating, it does not present a decent entry opportunity 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

416.79

492.32

3 important support areas can be observed.

A support zone ranging from 469.62 to 479.23. 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 448.88 to 449.05. 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 421.00 to 424.07. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 487.45 to 487.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	22.59	NEGATIVE	LMT has a low relative strength, it was outperformed by 77.41% 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)	DOWN	MIXED	The current price of LMT is above a declining SMA(200).
Relative Strength Index/RSI (14)	73.75	OVERBOUGHT	The high RSI value suggests LMT may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.27	POSITIVE	The MACD value suggests LMT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	78.44	NEUTRAL	The Stochastics value for LMT is a neutral value.
Average True Range in percent/ATR (20)	1.48	LOW VOLATILITY	The low ATR as a percentage value for LMT suggests low volalility.
Average Directional Index/ADX (14)	36.83	POSITIVE	The high ADX value value for LMT suggests a strong trend.