Lockheed Martin Corporation Stock Forecast

Red day on Wednesday for Lockheed Martin Corporation stock after losing 0.556%
(Updated on May 29, 2024)

LOM.DE Signals & Forecast

There are few to no technical positive signals at the moment. The Lockheed Martin Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 427.91€ and 429.56€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -3.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Lockheed Martin Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Tuesday, March 12, 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 Corporation stock

Lockheed Martin Corporation finds support from accumulated volume at 413.85€ 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 3.20€ between high and low, or 0.764%. For the last week the stock has had daily average volatility of 1.12%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LOM.DE) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Lockheed Martin Corporation to open at 420.37€, and during the day (based on 14 day Average True Range), to move between 415.20€ and 425.40€, which gives a possible trading interval of +/-5.10€ (+/-1.21%) up or down from last closing price. If Lockheed Martin Corporation takes out the full calculated possible swing range there will be an estimated 2.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 413.85€ (1.53%) than the resistance at 428.50€ (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lockheed Martin Corporation stock A Buy?

The Lockheed Martin Corporation stock holds several negative signals and despite the positive trend, we believe Lockheed Martin Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.070 Sell Candidate Unchanged

Predicted Opening Price for Lockheed Martin Corporation of Thursday, May 30, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.