Lockheed Martin scales missile production: Will LMT hold $555.42 support?

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31.08.2026

Lockheed Martin scales missile production: Will LMT hold $555.42 support? — Lockheed Martin stock edges lower today

Lockheed Martin is joining forces with the Department of War and General Dynamics Ordnance and Tactical Systems to increase missile production and reinforce its supply chain. The stock edges lower on the day, trading at $560.59.

Highlights

Lockheed Martin is working with the Department of War and General Dynamics Ordnance and Tactical Systems to scale missile production and strengthen its supply chain.
Shares of Lockheed Martin edged lower, closing at $560.59, with a median analyst price target of $620.
Of 84 analysts covering the stock, 26 rate it a buy and 4 recommend selling, with Morgan Stanley assigning equal-weight.

Lockheed Martin is collaborating with the Department of War and General Dynamics Ordnance and Tactical Systems to scale up missile production. The company is focused on fortifying its supply chain as part of the initiative. It is also working to accelerate the delivery of essential missile capabilities to support military personnel in the field.

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Split technical picture as price holds between key moving averages

Stoch RSI is in oversold territory, a stretched reading that limits room for further downside. The price is sitting below the MA-20 but remains above both the MA-50 and MA-200, which points to a split daily structure. The nearest support is the weekly low at $555.42. Price action over the past week has been contained within a narrow range.

Upside favored as traders look for a close above resistance

Traders should watch for a close above $569.22 to confirm that buyers are willing to follow through on the move. With Stoch RSI currently sitting in oversold territory, there is limited scope for additional downside. Still, the probabilities for the coming trading week favor upside at 67%, with a downside probability of 33%, and an expected trading range between $554.41 and $566.76. A drop below $555.42 would show the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.

Previously it was reported that Lockheed Martin shares faced near-term technical pressure even as the company advanced its defense manufacturing initiatives. The current collaboration to boost missile production reinforces the company's ongoing growth strategy, and with a firmly constructive weekly chart, traders should focus on the $555.42 weekly support as a key level for near-term direction.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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