Lockheed Martin Slumps 4.26% To $456.60 Amid Bearish Technical Breakdown

Lockheed Martin (LMT) declined 4.26% to $456.60 on 2025-06-11, marking its third consecutive daily loss and a 5.21% cumulative drop. This analysis evaluates key technical indicators without visual aids.
Candlestick Theory
Recent price action shows a bearish breakdown. A three-day downtrend culminated in a long-legged doji-like candle on 2025-06-11, reflecting intraday volatility between $443.41 and $464.15. This follows indecisive candles in the prior sessions, suggesting weakening bullish momentum. Immediate resistance is established at $464.15–$476.90 (recent highs), while support zones emerge near $443.41 (session low) and $435.38 (2024-04-09 low). A confirmed close below $443.41 may signal further downside.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages (MAs) exhibit a bearish alignment. Current price ($456.60) trades below all three MAs, with the 50-day MA likely near $470–$480 and the 200-day MA trending around $500–$510. The sustained sub-200-day MA position indicates long-term bearishness, while the rapid descent below shorter-term MAs reinforces near-term weakness. A "death cross" (50-day below 200-day) may develop if declines persist.
MACD & KDJ Indicators
MACD likely registers a bearish crossover, with momentum shifting negative after the sharp drop. The KDJ oscillator suggests no immediate oversold relief; recent 9-day RSV near 31.6 implies moderate downside room before oversold thresholds (<20). While K and D lines are descending from neutral territory, convergence with price weakness hints at sustained selling pressure. No bullish divergence is yet evident.
Bollinger Bands
Volatility expanded significantly during the 2025-06-11 sell-off, with price breaching the lower Bollinger Band (estimated near $460–$465). This breakout suggests bearish momentum acceleration. A close below the lower band often precedes continuation patterns, though a reversion toward the 20-day midline (∼$475) could occur if volatility contracts. Bandwidth widening supports further directional momentum.
Volume-Price Relationship
Volume surged to 3.61 million shares on 2025-06-11, exceeding the 10-day average by ∼200%, validating bearish conviction. Downside volume has amplified over the three-day decline, contrasting with muted volume during prior rallies (e.g., 2025-06-06’s 0.77% gain on below-average volume). This divergence signals sustainable bearish sentiment, with high-volume breakdowns increasing reliability.
Relative Strength Index (RSI)
The 14-day RSI reads approximately 44.2, in neutral territory (30–70) despite recent declines. This reflects cumulative losses offset by earlier gains (e.g., 2025-05-30’s +1.83%). While not oversold (<30), the absence of oversold conditions alongside persistent selling suggests potential downside continuation. Traders should monitor for RSI divergences if prices test $443.41 again.
Fibonacci Retracement
Applying Fib levels to the April-June upswing (low: $435.38 on 2025-04-09; high: $485.13 on 2025-06-05), key retracement thresholds emerge:
- 23.6%: $473.39
- 38.2%: $466.13
- 50.0%: $460.26
- 61.8%: $454.38
- 78.6%: $446.03
The close at $456.60 sits between the 50.0% and 61.8% retracements, signaling moderate bearish control. The 2025-06-11 low of $443.41 briefly pierced the 78.6% support ($446.03), indicating vulnerability. Sustained trade below $454.38 (61.8%) may target the 78.6% level or full retracement to $435.38.
Confluence and Divergence Notes
Confluence appears at $443–$446, where Fibonacci support, Bollinger Band breaches, and volume-backed selling align. Divergence is noted in RSI’s neutral reading (44.2) despite the sharp drop—this absence of oversold conditions may postpone a reversal. MACD/KDJ momentum tools corroborate near-term bearishness without contrarian signals.