Lockheed Martin $LMT Investment Analysis and Advice

October 17, 2023, 18:30 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LMT

• Buy LMT slightly over 439.53 target 459.61 stop loss @ 438.26 Details

The technical summary data tells us to buy LMT near 439.53 with an upside target of 459.61. This data also tells us to set a stop loss @ 438.26 to protect against excessive loss in case the stock begins to move against the trade. 439.53 is the first level of support below 440 , and by rule, any test of support is a buy signal. In this case, support 439.53 is being tested, a buy signal would exist.

• Short LMT slightly under 459.61, target 439.53, stop loss @ 460.94 Details

The technical summary data is suggesting a short of LMT as it gets near 459.61 with a downside target of 439.53. We should have a stop loss in place at 460.94though. 459.61 is the first level of resistance above 440, and by rule, any test of resistance is a short signal. In this case, if resistance 459.61 is being tested, a short signal would exist.

Swing Trading Plans for LMT

• Buy LMT slightly over 454.17, target 459.61, Stop Loss @ 452.86 Details

If 454.17 begins to break higher, the technical summary data tells us to buy LMT just slightly over 454.17, with an upside target of 459.61. The data also tells us to set a stop loss @ 452.86 in case the stock turns against the trade. 454.17 is the first level of resistance above 440, and by rule, any break above resistance is a buy signal. In this case, 454.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LMT slightly near 454.17, target 439.53, Stop Loss @ 455.48. Details

The technical summary data is suggesting a short of LMT if it tests 454.17 with a downside target of 439.53. We should have a stop loss in place at 455.48 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 454.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LMT

• Buy LMT slightly over 441.99, target 454.17, Stop Loss @ 440.96 Details

If 441.99 begins to break higher, the technical summary data tells us to buy LMT just slightly over 441.99, with an upside target of 454.17. The data also tells us to set a stop loss @ 440.96 in case the stock turns against the trade. 441.99 is the first level of resistance above 440, and by rule, any break above resistance is a buy signal. In this case, 441.99, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LMT slightly near 441.99, target 439.53, Stop Loss @ 443.02. Details

The technical summary data is suggesting a short of LMT if it tests 441.99 with a downside target of 439.53. We should have a stop loss in place at 443.02 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 441.99, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Lockheed Martin (LMT) available here: LMT.

LMT Ratings for October 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	415.84
P2	436.63	431.46	439.53
P3	441.99	454.17	459.61

AI Generated Signals for LMT

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Prudent Investment Analysis requires observations of the support and resistance levels for Lockheed Martin (NYSE: LMT) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for LMT change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if LMT is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for LMT too.  All of these are offered below the Summary Table.