(LMT) Trading Report

January 26, 2024, 22:54 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LMT

• Buy LMT slightly over 418.06 target 438.3 stop loss @ 416.85 Details

The technical summary data tells us to buy LMT near 418.06 with an upside target of 438.3. This data also tells us to set a stop loss @ 416.85 to protect against excessive loss in case the stock begins to move against the trade. 418.06 is the first level of support below 429.91 , and by rule, any test of support is a buy signal. In this case, support 418.06 would be being tested, so a buy signal would exist.

• Short LMT slightly under 438.3, target 418.06, stop loss @ 439.57 Details

The technical summary data is suggesting a short of LMT as it gets near 438.3 with a downside target of 418.06. We should have a stop loss in place at 439.57though. 438.3 is the first level of resistance above 429.91, and by rule, any test of resistance is a short signal. In this case, if resistance 438.3 is being tested, so a short signal would exist.

Swing Trading Plans for LMT

• Buy LMT slightly over 431.96, target 438.3, Stop Loss @ 430.71 Details

If 431.96 begins to break higher, the technical summary data tells us to buy LMT just slightly over 431.96, with an upside target of 438.3. The data also tells us to set a stop loss @ 430.71 in case the stock turns against the trade. 431.96 is the first level of resistance above 429.91, and by rule, any break above resistance is a buy signal. In this case, 431.96, 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 431.96, target 418.06, Stop Loss @ 433.21. Details

The technical summary data is suggesting a short of LMT if it tests 431.96 with a downside target of 418.06. We should have a stop loss in place at 433.21 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, 431.96, 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 430.53, target 431.96, Stop Loss @ 429.53 Details

If 430.53 begins to break higher, the technical summary data tells us to buy LMT just slightly over 430.53, with an upside target of 431.96. The data also tells us to set a stop loss @ 429.53 in case the stock turns against the trade. 430.53 is the first level of resistance above 429.91, and by rule, any break above resistance is a buy signal. In this case, 430.53, 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 430.53, target 420.73, Stop Loss @ 431.53. Details

The technical summary data is suggesting a short of LMT if it tests 430.53 with a downside target of 420.73. We should have a stop loss in place at 431.53 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, 430.53, 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 Corporation (LMT) available here: LMT.

LMT Ratings for January 26:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	418.06
P2	420.73	431.96	438.3
P3	430.53	449.58	458.69

AI Generated Signals for LMT

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Lockheed Martin Corporation (NYSE: LMT) while incorporating prudent risk controls. 

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.

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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.