Lockheed Martin Corp

LMT is in a structural Stage 4 decline marked by sequential lower highs and lower lows trading below its major EMAs, reinforcing a medium-term bearish bias. Short-term timing is neutral as price oscillates beneath flat-to-declining EMAs without clear exhaustion or rejection signals. Execution should be deferred, trimming into rallies toward the 9/20/50 EMA cluster or prior resistance zones. The longer-term uptrend remains intact, but persistent distribution risks eroding the secular structure.

• ↑Record $194B backlog (~2.5× annual sales) underpins revenue visibility
• ↑$9.8B PAC-3 missile contract secures multi-year production revenue
• ↓Q1 EPS of $6.44 fell 12% YoY due to $1.8B legacy program charges