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But we saved everything 🙂.
Lockheed Martin shared that its F-16 aircraft flew over the Hoover Dam in tribute to America's 250th birthday.
The company described the celebration as a display of precision and performance. The event took place against the backdrop of an iconic American landmark.
LMT is currently trading at $516.74, just under the MA-20 ($517.75) and below both the MA-50 ($522.08) and MA-200 ($539.89), signaling continued downside pressure over the medium- and long-term with only tentative support in the short term. The Ichimoku Kijun sits at $520.52, directly above the current price, marking immediate resistance; key near-term support lies at the MA-10 cluster ($509.21–$509.46), with the next key support at the MA-5 ($503.12), while resistance is found first at the Kijun ($520.52) and then the MA-50 ($522.08).
MACD and ADX on D1 both tilt bearish, pointing toward weak and negative momentum, while RSI (45.67), CCI (–69.40), and Stoch RSI (43.38) all remain subdued, suggesting neither overbought nor deeply oversold conditions but a lack of strong buying interest. BBP on D1 is markedly negative (–2.03) and classified as "Oversold," confirming that sellers still dominate short-term flows; AO on D1 is neutral, offering no clear countertrend signal. LMT is trading at $516.74, up from last week's close of $507.40—a gain of 2.04%. The current price is at the very top of the weekly range, with weekly volatility at 4.81%. The tone for the week is one of steady recovery from the recent low, as strong upward moves have returned the price to a resistance area. In today's session, LMT is up 1.43%, reflecting renewed buying interest.
For the coming week, the projected trading range is $505 to $520, reflecting a modest corridor relative to the 52-week low ($410.11) and still well below the 52-week high ($692.00). Based on D1 and W1 signals, there is a very low probability (less than 20%) of a sustained price increase, making a further decline more likely. The baseline scenario is for consolidation between $505 and $520, as weak momentum and multiple resistance levels cap upside potential. A bullish breakout above $520 could target higher, but persistent seller control and the broader downtrend reduce the confidence in this scenario. Conversely, failure to hold $505 may see the price retreat toward the low $500s, with pressure intensifying if support fails.
Earlier, analysts noted that Lockheed Martin was exhibiting sustained bearish momentum, with downside risks prevailing over prospects for a sustained recovery. This article adds a new dimension by evaluating recent market drivers and highlights the importance of monitoring for a potential shift in trend or renewed selling pressure in upcoming sessions.