Lockheed Martin Corporations stock price (LMT) rose cautiously in latest intraday trading, supported by positive signals streaming from the Stochastic. With this uptick, the price has encountered resistance at the 50‑day SMA, while the main downward trend dominates in the medium term and the stock continues to trade alongside a descending trend line.

Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $479.70 holds on, targeting the first support level at $445.00.

Todays price forecast: Bearish