Lockheed Martin may fall to 433.00 - 439.00

Our pivot point is at 469.

Our preference

The downside prevails as long as 469 is resistance.

Alternative scenario

Above 469, look for 479 and 485.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 463.798 and 465.0192).

Supports and resistances

485 **

479 *

469 **

466

461.01 (USD-last)

445

439 **

433 *

428 **

Number of asterisks represents the strength of support and resistance levels.