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LMT shares experienced a sharp decline of over 10% in the last 24 hours, falling to 513.15. Although the RSI has entered oversold territory at 27.7, MACD values remain negative and below the signal line, indicating sustained bearish momentum. The price has fallen well below the 20-day simple moving average of 530.15 and the 50-day average of 565.64. In the short term, technical indicators confirm a weak outlook, though oversold conditions may trigger some buying interest. Therefore, the downtrend is expected to persist for a while longer.