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Aerospace & Defense Industry Stocks Technical Analysis - LHXArchive
- 11/15/2024 -
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L3Harris T (LHX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the L3Harris T (LHX). During the week, the LHX dropped -14.60 points, or -5.60%, and closed at 246.00 on Friday, November 15, 2024. Weekly volume was -8% below average.
LHX is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See LHX long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 160.25 and reached 265.70 on November 11, 2024. LHX gained -105.45 points, or -65.80%, in 57 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (239.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See LHX medium-term trend chart]
A medium-term uptrend had started on September 11, 2024 at 222.02 and reached 265.70 on November 11, 2024. LHX gained -43.68 points, or -19.67%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (255.37) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See LHX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since September 27, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See LHX short-term trend chart]
A short-term downtrend had started on November 11, 2024 at 265.70 and reached 245.50 on November 15, 2024. LHX lost 20.20 points, or 7.60%, in 4 days. Price is near the trend low.
 Daily Technical Indicators: [See LHX daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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