Resistance

Reversal

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LMT stock price in an oversold zone probably takes a bounce back from the psychological level of $400.</a> </li> 
 <li> <span>2</span> <a>Lockheed Martin price is trading below key moving averages showcasing a downtrend.</a> </li> 
</ul> 
<p>Lockheed Martin stock price has been on a downtrend throughout the year, as it faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and the stock has lost its momentum. The stock has also broken below the key moving averages, which indicates further weakness.</p> 
<p>Lockheed Martin (NYSE: LMT) stock has returned to its previous breakout level, which could act as a support. The technical analysis suggests the stock is oversold and could bounce back from the lower levels. However, the stock needs to show some signs of strength and reversal before confirming a pullback rally.</p> 
<p>Lockheed Martin share (NYSE: LMT) price is in a correction phase but trading near to crucial support of $400. It formed, a bullish candle indicating buyers are active and will try their best to rebound. LMT stock price closed the previous session at $400.73 with an intraday rise of 0.85%. If the buyers succeed in defending the current support then the possibility of a bounce back will increase.</p> 
<p>However, if the sell-off continues and Lockheed Martin stock drops below lower levels more downfall is possible.</p> 
<p>Buyers tried multiple times to break the higher range and expand upward. However, due to the strong presence of sellers, prices faced rejection. It shows sellers are still active on higher levels.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-lmt-stock-price-take-a-reversal-from-lower-levels-strong"><strong>Will LMT Stock Price Take A Reversal From Lower Levels?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-228-1024x466.png" alt="Lockheed Martin Stock: Will LMT Stock Take A Reversal From $390?&nbsp;" class="wp-image-174584" style="width: 100%;height:466px" width="1170" height="466">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/eZTwz9aP/">Tradingview&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>Lockheed Martin price is trading below the downward-sloping 50-day and 200-day EMAs showcasing a downtrend. However, the Lockheed Martin price has gone far away from the EMAs.&nbsp;</p> 
<p>The MACD generated a negative crossover and the histogram is also red indicating bearishness.&nbsp;</p> 
<p>The current value of RSI is 28.99 points. The 14 SMA is above the median line at 30.60 points which indicates that the Lockheed Martin stock is bearish.</p> 
<h2 class="wp-block-heading" id="lmt-stock-weekly-time-horizon-analysis">LMT Stock Weekly-Time Horizon Analysis</h2> 
<p>Lockheed Martin stock has shown sellers’ strength on the weekly charts. Moreover, the price traded below the key EMAs, which shows further weakness in the stock. The RSI curve is near the oversold region at 26, and a negative outlook was noted, indicating bearishness in the <a href="https://www.thecoinrepublic.com/2023/09/29/lockheed-martin-corp-secures-76-contract-can-effect-lmt-stock/">stock price</a>. The MACD indicator also persisted to form red bars, and a bearish crossover was noted, which signals Bearish moves on the weekly chart frame.</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>LMT stock price facing downward momentum on the daily and weekly chart. Key indicators like RSI and MACD are in an oversold zone giving bearish signals. Additionally, the stock price is trading below the key moving averages. However, the stock price is trading near the crucial support levels and probably takes a bounce back from the lower support levels.</p> 
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3> 
<p><strong>Support Levels</strong>: The Lockheed Martin stock price may find support at $390.00 and $381.00, where it could bounce back or stabilize.</p> 
<p><strong>Resistance levels</strong>: The LMT stock price may face resistance at $405.31 and $434.04, where it could reverse or consolidate.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>This article is for informational purposes only and provides no 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. Please do your own research before making any financial decisions</p>

Lockheed Martin Stock: Will LMT Stock Take A Reversal From $390?

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