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Archive
- 11/22/2024 -
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Lockheed Martin Corp. (LMT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Lockheed Martin Corp. (LMT). During the week, the LMT gained 10.30 points, or 1.93%, and closed at 544.80 on Friday, November 22, 2024. Weekly volume was -6% below average.
LMT 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 LMT long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 57.41 and reached 618.95 on October 21, 2024. LMT gained -561.54 points, or -978.12%, in 815 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 405.62 and resistance is at 608.92. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See LMT medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 393.79 and reached 618.95 on October 21, 2024. LMT gained -225.16 points, or -57.18%, in 54 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 458.25 and resistance is at 637.94. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See LMT 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 October 25, 2024. Use the following link to access a MACD help.
 Short-term trend: [See LMT short-term trend chart]
A short-term downtrend had started on October 21, 2024 at 618.95 and reached 528.70 on November 18, 2024. LMT lost 90.25 points, or 14.58%, in 28 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 523.05 and resistance is at 555.13. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.
Daily Technical Indicators: [See LMT daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since November 13, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
9 |
| Industry |
Aerospace & Defense |
21 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
576.40 |
| High Date |
11/12/2024 |
| Low |
528.70 |
| Low Date |
11/18/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
555.13 |
| Support |
523.05 |
| High |
618.95 |
| High Date |
10/21/2024 |
| Low |
528.70 |
| Low Date |
11/18/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
413.92 |
| Low Date |
02/14/2024 |
| High |
618.95 |
| High Date |
10/21/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
637.94 |
| Support |
458.25 |
| Low |
393.79 |
| Low Date |
10/06/2023 |
| High |
618.95 |
| High Date |
10/21/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
608.92 |
| Support |
405.62 |
| Low |
57.41 |
| Low Date |
03/06/2009 |
| High |
618.95 |
| High Date |
10/21/2024 |
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