LMT stock: buy or sell

LMT stock price: $347.27 -0.05% At close on Jan 15th, 2021

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

Lockheed Martin analysts' ratings - Last 30 days
Brokerage firmRating
Dec 22nd, 2020
Credit Suisse Group Neutral
Jan 7th, 2021
Morgan Stanley Buy
Robert W. Baird BuyNeutral

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

LMT stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $351.76 (1.29% above)
  • R2: $358.99 (3.37% above)
  • R3: $359.74 (3.59% above)
  • The current supports are:

  • S1: $345.60 (-0.48% below)
  • S2: $343.25 (-1.16% below)
  • S3: $338.00 (-2.67% below)
  • Bollinger bands

    Since the price broke down the lower band last Monday, the price bounced off by 4.19%

    LMT stock Bollinger Bands chart

    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.

    LMT stock RSI chart

    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

    LMT stock price history chart

    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).

    Lockheed Martin stock price predictions
    Brokerage firmPrice 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

    LMT performance compared
    Company1m3m6m
    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 only

    LMT 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 dateJanuary 26th, 2021

    Frequently asked questions

    What is Lockheed Martin stock symbol?

    Lockheed Martin Corporation is a public company trading in the US stock market with the LMT symbol

    Is Lockheed Martin stock a buy or sell?

    Lockheed Martin received 3 ratings in the last 30 days: 1 bullish, 0 bearish and 2 neutral.

    Will LMT go up?

    Lockheed Martin had different price predictions issued by analysts in the last 30 days forecasting the target price to $419.00. That is a 20.66% than the last price ($347.27).