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Archive
- 5/10/2024 -
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L3Harris T (LHX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the L3Harris T (LHX). During the week, the LHX gained 7.40 points, or 3.49%, and closed at 219.60 on Friday, May 10, 2024. Weekly volume was -27% below average.
LHX is a member of Industrials Sector. Industrials is the second 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 downtrend had started on March 7, 2022 at 279.71 and reached 160.25 on October 6, 2023. LHX lost 119.46 points, or 42.71%, in 82 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (131.17) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. LHX may retest the broken resistance line. It is considered to be a support line now. 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 October 6, 2023 at 160.25 and reached 219.91 on May 10, 2024. LHX gained -59.66 points, or -37.23%, in 31 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See LHX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 5, 2024. The distance between MACD and the signal line is low and getting smaller. 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 May 2, 2024 at 209.90 and reached 219.91 on May 10, 2024. LHX gained -10.01 points, or -4.77%, in 8 days. Price is near the trend high.
 Daily Technical Indicators: [See LHX daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 19, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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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 |
8 |
| Industry |
Aerospace & Defense |
81 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
209.90 |
| Low Date |
05/02/2024 |
| High |
219.91 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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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 |
209.90 |
| Low Date |
05/02/2024 |
| High |
219.91 |
| High Date |
05/10/2024 |
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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 |
200.18 |
| Low Date |
04/16/2024 |
| High |
219.91 |
| High Date |
05/10/2024 |
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| Quarterly Trend |
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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 |
160.25 |
| Low Date |
10/06/2023 |
| High |
219.91 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
169.14 |
| Support |
131.17 |
| High |
279.71 |
| High Date |
03/07/2022 |
| Low |
160.25 |
| Low Date |
10/06/2023 |
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