LMT stock: buy or sell
Updated on:
Jan 16th, 2021
1
LMT stock brief
- Lockheed Martin stock just moved -0.05% to close at $347.27 on the stock market on Friday, and broke a streak of 4 sessions in green.
- From the chart point view, price is drawing an scaled downtrend since September 2020 with lower tops and lower bottoms. this downtrend marked a -12.98% loss(from its highs at $399.09).
Should I buy Lockheed Martin stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $LMT stock a buy?
In the current situation of Lockheed Martin there is not any eligible buy setup. This doesn't mean we expect a selloff for $LMT in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Lockheed Martin stock?
When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Trading strategies let us to avoid impulsive decisions based on our personal sentiments or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies should not be used for selling short $LMT stock
As a golden rule, you must never mantain a trade that results in greater losses than those expected by the time of purchase. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Lockheed Martin stock?
Currently, Lockheed Martin stock doesn't match any of our preferred sell setups, so if you own Lockheed Martin shares and your operation is in profit probably is not time to sell now
Lockheed Martin ratings
In the last 30 days, 3 ratings were published for Lockheed Martin
| Brokerage firm | Rating |
|---|---|
| Dec 22nd, 2020 | |
| Credit Suisse Group | Neutral |
| Jan 7th, 2021 | |
| Morgan Stanley | Buy |
| Robert W. Baird | Buy → Neutral |
Lockheed Martin stock analysis
From a technical standpoint, Lockheed Martin continues in downtrend since September 2020, and has accumulated a selloff of -12.98%. Like in all downtrends, the stock oscillates drawing lower highs and lows. In this case, we have seen 2 consecutive lower tops.
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price broke down the lower band last Monday, the price bounced off by 4.19%
Relative strength index
When the stays for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator is of little use, and we find ourselves in one of these situations.
Lockheed Martin stock price history
Lockheed Martin went public priced at an adjusted price1 of $0.34 on Jan 1977. Since then, LMT stock has risen by 102,038.24%, with an average of 2,319.05% per year. If you had invested thousand dollars in Lockheed Martin stock on the IPO, it would have a value of $1,021,382.35 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Lockheed Martin stock
Nobody can predict how much a share will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts published by analysts in the last month. Again, these estimates are not direct recommendations for small traders and must not be trusted blindly.
Averaging all price targets exposed below, the forecasted price for Lockheed Martin stock is $419.00. That is a 20.66% than the last price ($347.27).
| Brokerage firm | Price target |
|---|---|
| Dec 22nd, 2020 | |
| Credit Suisse Group | $400.00 → $409.00 |
| Jan 7th, 2021 | |
| Morgan Stanley | $509.00 → $480.00 |
| Robert W. Baird | $420.00 → $368.00 |
Earnings and financials
Last October, Lockheed Martin Corporation ($LMT) posted EPS for that matched Market expectations. Quarterly EPS was $6.25 per share from an estimated $6.09. The company said revenue was $16.5 billion consistent with analysts' estimates as well.
Compared to the same quarter last year, EPS was $5.66, so posted EPS is a increase of 10.42%. Turnover rose a 8.73% on an annualized basis in the , from $151.7B to $165.0B last quarter.LMT ($LMT) is hosting the earnings call on January 26. Forecasted for this quarter is $6.42, compared to $6.25 that was reported for Q3.
Lockheed Martin performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Lockheed Martin ($LMT) | -2.80% | -10.00% | -4.70% |
Please read:
The opinions published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the particular scenarios of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for general educational motives onlyLMT summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $347.09 |
| Close | $347.27 |
| Day range | $344.28 - $350.5 |
| Previous close | $347.44 |
| Session gain | -0.05% |
| Average true range | $8.76 |
| 50d mov avg | $358.93 |
| 100d mov avg | $369.15 |
| 200d mov avg | $370.54 |
| Earnings date | January 26th, 2021 |