Restore

Apache

Momentum

Million

<ul class="list-ic vertical"> 
 <li> 1 <a>LMT stock price is consolidating near the support range of $450.</a> </li> 
 <li> 2 <a>Buyers are trying to regain strength and are attempting a pullback.</a> </li> 
</ul> 
Lockheed Martin Corporation (NYSE: LMT) stock is currently showing signs of weakness, trading around the $450 mark, indicating bearish control in the market. Buyers attempted to keep the price above the 20-day Exponential Moving Average (EMA) but faced rejection in recent sessions. 
It’s important to note that LMT stock has managed to hold above a key support level at $435, despite sellers’ attempts to test it. The price action suggests that Lockheed Martin’s stock is stuck in a tight range, reflecting seller dominance. Additionally, the stock has struggled to break above the upper trendline, as evidenced by a rejection candlestick pattern. 
The current trading range for LMT shares indicates an equilibrium between buyers and sellers, with the price remaining around $450. The chart structure suggests a lack of strong upward momentum in recent months. 
Looking ahead, if LMT stock can breach resistance levels, it may target $460 and potentially $480. Conversely, a break below $435 could lead to a decline toward $400. 
At the time of this analysis, Lockheed Martin’s stock price is at $448.35, with a 0.90% intraday drop, reflecting a neutral sentiment. Trading volume is average at 836.876K, and the company has a market capitalization of $112.909 billion. Analysts have a neutral rating on the stock, with a yearly price target of $500.36. 
Lockheed Martin Corp. is a global security and aerospace company with various segments, including Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. These segments are involved in research, design, development, manufacturing, integration, and support of a wide range of technology systems, products, and services, primarily in the defense and aerospace industry. 
<h2 class="wp-block-heading" id="strong-lmt-stock-strong-strong-strong-strong-price-strong-strong-strong-strong-action-on-daily-charts-strong">LMT Stock Price Action On Daily Charts</h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh6.googleusercontent.com/db_58ygtRUmFb37diTF2QtgXAKG7r5S5w-4qWPoy16UCzMAd045uSiSLr_QQmhdHVhZE2Bi8jhFUJALmq-737vFipZJQsaPrhNK6rW0g9QbJ08E0lHTSL5-QAs7SWrUvOJX4aS3g34jrOoASafnCvYw" alt="Will LMT Stock (NYSE: LMT) Price Restore Momentum Above $450?"> 
 <figcaption class="wp-element-caption">
 Source: LMT Stock Price Chart At TradingView 
 </figcaption> 
 </figure> 
</div> 
On the daily charts, LMT stock price is trading below the significant moving averages and hovering in a narrow congestion zone, demonstrating sellers’ dominance in the past sessions. However, yesterday’s negative close is due to the dividend adjustment of $3.00.&nbsp; 
At press time, fresh news arrived that LMT stock has been awarded a $10.4 Million US Army Contract for the Apache Helicopter, which may set a positive start and may enable the price to surpass $460 in today’s sessions. 
The RSI curve stayed near neutrality and showed a positive crossover, indicating a bounce in the near term toward $480. The MACD indicator shows a bullish crossover and persists to form green bars on the histogram, showing a positive outlook on the charts. 
<h4 class="wp-block-heading">Summary&nbsp;&nbsp;&nbsp;</h4> 
<a href="https://www.thecoinrepublic.com/2023/08/17/lockheed-martin-corp-lmt-stock-will-price-sustain-above-440/" rel="noopener noreferrer nofollow">Lockheed Martin Corp</a>. is currently trading near a crucial support zone, indicating the potential for a short-term rebound towards the $460 trendline. If this level is sustained, it may even push towards $470. Recent news related to the stock could provide momentum in the upcoming sessions. Buyers are making efforts to build long positions, with an aim to surpass the 20-day EMA and regain strength. 
<h4 class="wp-block-heading">Technical Levels</h4> 
Support Levels: $435 and $420 
Resistance Levels: $460 and $480 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Will LMT Stock (NYSE: LMT) Price Restore Momentum Above $450?

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