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Downtrend ExhaustionArchive
- 1/24/2025 -
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L3Harris T (LHX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second positive week after 7 consecutive negative weeks for the L3Harris T (LHX). During the week, the LHX climbed 0.50 points, or 0.23%, and closed at 218.70 on Friday, January 24, 2025. Weekly volume was 30% above average.
 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 Channel chart pattern. The uptrend support line (255.22) 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 long-term trend.
 Medium-term trend: [See LHX medium-term trend chart]
A medium-term downtrend had started on November 11, 2024 at 265.70 and reached 202.80 on January 7, 2025. LHX lost 62.90 points, or 23.67%, in 8 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See LHX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 below its signal line since November 29, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See LHX short-term trend chart]
A short-term uptrend had started on January 7, 2025 at 202.80 and reached 224.30 on January 21, 2025. LHX gained -21.50 points, or -10.60%, in 14 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (226.56) 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 short-term trend.
 Daily Technical Indicators: [See LHX daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since January 7, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.
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