Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Lockheed Martin Corporation (NYSE: LMT) is under extreme bearish pressure as of now.</a> </li> 
 <li> <span>2</span> <a>Technical indicators support bears, indicating downside momentum in the LMT stock.</a> </li> 
</ul> 
<p>LMT Stock dropped by 4.77% after the management announced that it will produce fewer F-35 fighter jets than planned in 2023. It will affect the free cash flow of the company. The company lowered its 2023 delivery target for F-35s from 100 to 125 to 97. This was a revision from what the management had stated on a call about its second-quarter results.</p> 
<p>Lockheed Martin Corporation’s (LMT: NYSE) stock price shows bearishness, losing the gains below the key moving averages. Recently, Lockheed stock gave a breakdown below the trendline of $440. Afterwards, buyers did not hold the momentum and started unwinding their positions resulting in slippages in stock price.</p> 
<p>However, LMT stock has stayed in a consolidation over the past months trading in a range and facing rejection from the upper trendline, which acted as a barrier to exiting the trend. Moreover, the price action shows that Lockheed stock has persisted in facing selling pressure, and buyers have stayed on the back foot. In contrast, sellers have a strong edge and continue to make short positions as of now.</p> 
<p>At press time, LMT stock was trading at $423.94 with an intraday loss of 4.77%, breaking below key moving averages, showing bearishness on the charts. Moreover, the intraday trading volume was 2.548 Million, and the average 10-day volume of 999.458K. The market cap of Lockheed stock is $106.761 Billion.</p> 
<p>The stock has performed poorly so far this year. Year-to-date, it gave negative returns of -12.30% and gave -10.88% in a span of 6 months. In the last 1 month, it gave a negative return of -5.23% and -5.67% in the last seven days, indicating that a long Bearish trend is on.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-lmt-stock-price-in-1-d-timeframe-strong"><strong>Technical Analysis of LMT Stock Price in 1-D Timeframe</strong></h2> 
<center>  
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 <p><a href="https://in.tradingview.com/chart/LMT/iX4qTPFR-LMT-Stock/" rel="noopener noreferrer nofollow">LMT Stock</a> by<ahref="https: in.tradingview.com u>
    on 
   <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow">TradingView.com</a> 
  </ahref="https:></p>  
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<p>LMT <a href="https://www.thecoinrepublic.com/2023/09/06/hood-stock-price-forecast-is-more-fall-pending-in-robinhood/" rel="noopener noreferrer nofollow">stock price</a> is currently trading below the 50, 100, and 200-day EMAs, which are not providing support to the price trend. However, if selling pressure increases, the price could break lower support levels and touch previous lows.</p> 
<p>The RSI indicator is at 26.19, which is in the oversold zone. However, the 14-day SMA is above the RSI, which is a bearish signal. The MACD indicator is also bearish, with the MACD line crossing below the signal line. This indicates that the LMT stock is likely to continue to fall in the near future.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The MACD, RSI, and EMAs suggest that LMT stock is bearish. However, if it can’t maintain the $400 level, then it could fall more in the upcoming days. Lockheed Martin Corporation’s (LMT: NYSE) technical oscillators support the bearish trend. LMT price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<ul> 
 <li><strong>Support Levels: </strong>S1 $418.00, and S2 $400.00.</li> 
 <li><strong>Resistance Levels: </strong>R1 $441.00, and R2 458.00.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading crypto or stock. Please do your own research before making any financial decisions.</p>

LMT Stock Price Drops 4.5% After Lockheed Cuts F-35 Jets Delivery

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