LOCKHEED MARTIN CORP (LMT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LMT - US5398301094 - Common Stock
We assign a technical rating of 10 out of 10 to LMT. 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!
- Looking at the yearly performance, LMT did better than 84% of all other 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 476.54 - 599.32 range, which is quite wide. It is currently trading near the high of this range.
- LMT has an average volume of 1622900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- LMT is part of the Aerospace & Defense industry. There are 73 other stocks in this industry, LMT did better than 51% of them.
Besides having an excellent technical rating, LMT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 597.28. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for LMT in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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418.96
5 important support areas can be observed.
- A support zone ranging from 581.65 to 585.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @466.06 from a trend line in the weekly time frame.
- A support zone ranging from 449.06 to 451.25. 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.
We found 1 important resistance area.
- A resistance zone ranging from 597.28 to 597.28. 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 | 84.84 | POSITIVE | LMT has a high relative strength, it outperformed 84.84% 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) | 74.09 | OVERBOUGHT | The high RSI value suggests LMT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.23 | POSITIVE | The MACD value suggests LMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.94 | OVERBOUGHT | The high Stochastics value suggests LMT may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for LMT suggests some volalility. |
| Average Directional Index/ADX (14) | 33.83 | POSITIVE | The high ADX value value for LMT suggests a strong trend. |
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 |
|---|---|---|---|
| 597.29 | 581.64 | 15.65 (2.62%) | 25.00% |
| An entry @597.29. This is a Buy Stop order right above the resistance zone. | An exit @581.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 15.65 points, which is 2.62%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LMT. Please evaluate whether better entry and exit points can be found.
- 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.
597.27
+2.32 (+0.39%)
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 74.0861. 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 2.2262, indicating a bullish trend.
Can you provide the short term momentum for LOCKHEED MARTIN CORP?
The short term momentum for LOCKHEED MARTIN CORP (LMT) is positive.