Lockheed Martin Corporation (LMT)
Lockheed Martin Corporation is an American aerospace, defense, information security, and technology company with worldwide interests. It is headquartered in North Bethesda, Maryland, in the Washington, D.C., area.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 69.45% per annum.
- LMT price at the close of November 19, 2024 was $533.26 and was lower than the bottom border of the primary price channel by $32.39 (5.73%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 66.16% per annum.
- LMT price at the close of November 19, 2024 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LMT price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 24, 2024
End date: October 25, 2024
a = 3.7812
b = 0.0014
s = 0.0407
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0014) – 1
= 69.45%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0407) – 1
= 17.70%
January 24, 2024 calculations
Top border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 + 2 × s)
= Exp(a + b × 1,526 + 2 × s)
= Exp(3.7812 + 0.0014 × 1,526 + 2 × 0.0407)
= Exp(6.0675)
= $431.60
Bottom border of price channel:
Exp(Y1,049)
= Exp(a + b × X1,049 – 2 × s)
= Exp(a + b × 1,526 – 2 × s)
= Exp(3.7812 + 0.0014 × 1,526 – 2 × 0.0407)
= Exp(5.9045)
= $366.69
October 25, 2024 calculations
Top border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(3.7812 + 0.0014 × 1,801 + 2 × 0.0407)
= Exp(6.4648)
= $642.16
Bottom border of price channel:
Exp(Y1,240)
= Exp(a + b × X1,240 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(3.7812 + 0.0014 × 1,801 – 2 × 0.0407)
= Exp(6.3019)
= $545.58
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 69.45% per annum.
- LMT price at the close of November 19, 2024 was $533.26 and was lower than the bottom border of the primary price channel by $32.39 (5.73%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: October 1, 2024
End date: November 19, 2024
a = 11.7005
b = -0.0030
s = 0.0256
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0030) – 1
= -66.16%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0256) – 1
= 10.80%
October 1, 2024 calculations
Top border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 + 2 × s)
= Exp(a + b × 1,777 + 2 × s)
= Exp(11.7005 + -0.0030 × 1,777 + 2 × 0.0256)
= Exp(6.4764)
= $649.65
Bottom border of price channel:
Exp(Y1,222)
= Exp(a + b × X1,222 – 2 × s)
= Exp(a + b × 1,777 – 2 × s)
= Exp(11.7005 + -0.0030 × 1,777 – 2 × 0.0256)
= Exp(6.3739)
= $586.33
November 19, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(11.7005 + -0.0030 × 1,826 + 2 × 0.0256)
= Exp(6.3310)
= $561.70
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(11.7005 + -0.0030 × 1,826 – 2 × 0.0256)
= Exp(6.2284)
= $506.95
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 66.16% per annum.
- LMT price at the close of November 19, 2024 was inside the secondary price channel.