Lockheed Martin Stock Forecast
Green day on Thursday for Lockheed Martin stock after gaining 1.23%
(Updated on Apr 25, 2024)
The Lockheed Martin stock price gained 1.23% on the last trading day (Thursday, 25th Apr 2024), rising from $459.14 to $464.78. During the last trading day the stock fluctuated 1.76% from a day low at $457.53 to a day high of $465.60. The price has risen in 6 of the last 10 days and is up by 2.75% over the past 2 weeks. Volume fell on the last day by -87 thousand shares and in total, 909 thousand shares were bought and sold for approximately $422.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.21% during the next 3 months and, with a 90% probability hold a price between $490.87 and $512.79 at the end of this 3-month period.
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LMT Signals & Forecast
The Lockheed Martin stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $460.19 and $448.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 3.85%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Lockheed Martin stock
Lockheed Martin finds support from accumulated volume at $460.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $8.07 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: $443.19 (-4.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (LMT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Lockheed Martin Corporation to open at $462.64, and during the day (based on 14 day Average True Range), to move between $457.79 and $471.77, which gives a possible trading interval of +/-$6.99 (+/-1.50%) up or down from last closing price. If Lockheed Martin Corporation takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $460.08, some $4.70 (1.01%) from the current price of $464.78, our system finds the risk reward attractive.
Is Lockheed Martin Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lockheed Martin stock to perform well in the short-term.
Current score: 3.875 Buy Candidate Unchanged
Predicted Opening Price for Lockheed Martin Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $462.64 ( 0.461%) | $464.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LMT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 470.71 | 1.28 % | |
| R2 | 467.62 | 0.612 % | ||
| R1 | 465.72 | 0.202 % | ||
| Current price: | 464.78 | |||
| Support | S1 | 459.55 | -1.12 % | |
| S2 | 457.65 | -1.53 % | ||
| S3 | 454.56 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 464.78 | |||
| Support | S1 | 460.08 | -1.01% | |
| S2 | 453.08 | -2.52% | ||
| S3 | 418.19 | -10.02% |
LMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 23, 2024 | Mar 01, 2024 | Mar 29, 2024 | $3.15 | 0.693% |
| 2 | Jan 23, 2024 | Feb 29, 2024 | Mar 29, 2024 | $3.15 | 0.693% |
| 3 | Oct 06, 2023 | Nov 30, 2023 | Dec 29, 2023 | $3.15 | 0.695% |
| 4 | Jun 22, 2023 | Aug 31, 2023 | Sep 22, 2023 | $3.00 | 0.725% |
| 5 | Apr 26, 2023 | May 31, 2023 | Jun 23, 2023 | $3.00 | 0.653% |
FAQ
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