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- 1 LDOS stock price is trading near the resistance mark of $94.
- 2 LDOS stock showed accumulation and revamped from the low of $80.
Leidos Holdings stock price accumulated from the support of $80 and retained the gains in the past sessions. Moreover, the price action showed that buyers are gaining traction and are close to the neckline of $94. Buyers are willing to register a breakout and are looking to catch the three-digit mark of $100.The chart structure showed a fresh trend reversal, and the correction has ended.
Furthermore, LDOS stock price escaped the 200-day EMA, which was a strong hurdle and is now gaining fresh momentum in the past sessions. LDOS stock price is trading above the key moving averages. Moreover, the price started gaining before the release of Q2 earnings, an early indication that investors were ready for the rally, entering into the battle. LDOS stock is ready to release its Q2 results on August 01.
Per TradingView, ‘Leidos Holdings, Inc. engages in the provision of services and solutions in the defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health.
The Defense Solutions segment provides services, solutions, and products focusing on digital modernization, mission systems and integration, Command, Control, Computers, Communications, Intelligence, Surveillance, and Reconnaissance (“C4ISR””) technologies and services, maritime solutions, transformative software, analytics, intelligence analysis, mission support and logistics services, weapons systems and space systems and solutions.
The company was founded by John Robert Beyster on February 03, 1969, and is headquartered in Reston, VA.’
At press time, LDOS stock price is trading at $93.75 with an intraday gain of 1.73% showing bullishness on the charts. Furthermore, the trading volume remained average at 765.876K, and the market cap is $12.859 Billion. Analysts maintained the buy and outperform rating with a yearly price target of $105.31.
LDOS Stock Price Near To Breakout On Daily Chart
On the daily charts, LDOS stock price has corrected from the top of $110 and retested the support range of $75. Afterwards, buyers showed their presence, accumulated gradually, and rebounded in the last sessions.
Furthermore, the investors are regaining their interest and making long positions before the earnings results. LDOS stock price surpassed the 38.2% Fib level and is willing to cross neutrality. Moreover, the price is trading near the upper bollinger band and is about to register a breakout.
Short Term Charts Shows Ascending Triangle Pattern
On the 4-hour charts, LDOS share price showed an ascending triangle pattern and is near the neckline of $94. Moreover, the buyers are gaining traction and waiting for the breakout.
The RSI curve stayed at 62 near the overbought zone and formed a positive crossover indicating buyers’ strength on the charts.
The MACD indicator shows that moving averages converge with the signal line showing neutrality.
Conclusion
Leidos Holding stock (LDOS) price is close to the neckline of $94, and buyers are attempting to surpass the resistance mark. Furthermore, the price entered the buying zone and indicated a rise in the upcoming sessions.
Technical Levels:
Support Levels: $85
Resistance Levels:$100
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
