Lockheed Martin Jumps 3.66% To $486.45 As Technicals Signal Bullish Reversal

Lockheed Martin (LMT) Technical Analysis
Lockheed Martin (LMT) surged 3.66% to $486.45 in the latest session, marking two consecutive gains and a 6.54% rally over two days. This momentum occurs against a backdrop of evolving technical signals, warranting multi-faceted analysis.
Candlestick Theory
Recent candlesticks reveal a robust bullish reversal pattern. The June 11th session formed a hammer near $443.41 (close: $456.60), signaling potential exhaustion of the preceding decline. This was followed by two consecutive green candles with expanding bodies, culminating in a June 13th close near the session high ($486.45). Key resistance emerges at $488.30 (June 13th high), aligning with the psychological $500 threshold. Support is established at $456–$460, coinciding with the April–May consolidation zone.
Moving Average Theory
The 50-day MA ($470) recently crossed above the 100-day MA ($465), confirming a bullish medium-term shift. The 200-day MA ($457) slopes upward, underscoring long-term strength. Current price action ($486.45) trades above all three averages, indicating a bullish trend. However, the 7% premium above the 50-day MA suggests potential near-term consolidation before further upside.
MACD & KDJ Indicators
The MACD histogram turned positive in early June, with the signal line crossover reflecting building bullish momentum. KDJ’s %K (87) and %D (79) are deeply overbought after swift recovery from oversold territory on June 11th. While MACD supports continuation, KDJ’s extreme readings and bearish divergence (price made higher highs while KDJ made lower highs on June 12–13) caution against near-term exhaustion.
Bollinger Bands
Volatility expanded sharply on June 11th (4.26% drop), pushing prices to the lower band ($443). The subsequent reversal closed above the 20-day midline ($470) by June 13th, now testing the upper band ($490). Bandwidth contraction preceded this rally, signaling a volatility breakout. Sustained trade above $475 would validate bullish control, while failure risks a retest of $460 (midline).
Volume-Price Relationship
Volume surged 59% to 2.7 million shares on June 13th versus the 30-day average, confirming bullish conviction. The June 11th selloff also saw high volume (3.6 million shares), indicating capitulation before the rebound. Notably, accumulation days (price up + volume above average) outpace distribution, supporting trend sustainability.
Relative Strength Index (RSI)
The 14-day RSI (76) entered overbought territory (>70) on June 13th. Historically, similar RSI peaks (e.g., 78 in January 2025) preceded 5–9% pullbacks. However, RSI can remain elevated in strong trends. A sustained print above 80 would heighten reversal odds, while consolidation could reset momentum neutrally.
Fibonacci Retracement
Applying Fib levels to the January high ($507.11) and April low ($435.38), the 61.8% retracement ($479) was decisively breached on June 13th. This opens a path to the 78.6% level ($492) and January peak. Support clusters at the 50% retracement ($472), aligning with the 50-day MA. The Fibonacci grid now acts as dynamic S/R.
Confluence and Divergence
Strong confluence exists at $460–$470 (50-day/100-day MA, Fib 38.2%, and volume-weighted support), offering a robust floor. Bearish divergences surface in KDJ and RSI overbought warnings versus MACD’s positive momentum. Volume validates price recovery, but Bollinger Band proximity and extended RSI hint at consolidation. Probabilistically, short-term sideways action near $475–$490 appears likely before a retest of $500, barring a breakdown below $460.
This analysis reflects a bullish structural bias for Lockheed Martin, tempered by near-term overextension risks. Vigilance at key resistance ($490–$492) and RSI behavior is warranted.