L3Harris Technologies Inc

LHX remains in a Stage 4 declining environment with a confirmed downtrend, evidenced by sequential lower highs/lows and falling SMAs. The medium-term directional bias is bearish, reinforced by price trading below declining 9/20 EMAs. Short-term conditions are unfavorable for fresh selling as price is extended below the EMAs with no clear reversal. Execution should be deferred; trim into a relief bounce back into the dynamic EMA zone or near the recent swing‐low support.

• ↑Backlog exceeds $42 B (1.3 book-to-bill), backing 7% organic revenue growth to $23-23.5 B by 2026
• ↑Organic revenue rose 5% YoY to $21.9 B, with growth in nine of ten quarters
• ↓Shares at $286 vs. $186 DCF fair value imply potential 35% downside