Taking everything into account, LECO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, LECO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- LECO is one of the better performing stocks in the Machinery industry, it outperforms 80% of 132 stocks in the same industry.
- LECO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month LECO has a been trading in the 239.63 - 268.13 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that LECO is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
LECO has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
173.31
We found 4 important support areas.
- A support zone ranging from 236.19 to 255.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 223.33 to 225.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @218.22 from a horizontal line in the daily time frame.
- Support @175.06 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 265.36 to 267.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for LECO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LECO is up. |
| ChartMill Relative Strength | 84.62 | POSITIVE | LECO has a high relative strength, it outperformed 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LECO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LECO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of LECO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.79 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests LECO has a positive trend. |
| Stochastics (14,3) | 81.77 | OVERBOUGHT | The high Stochastics value suggests LECO may be overbought. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for LECO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.47 | NEGATIVE | The low ADX value for LECO suggests a weak or negative trend. |
265.35
-2.42 (-0.9%)
LINCOLN ELECTRIC HOLDINGS / LECO FAQ
What is the technical rating for LECO stock?
ChartMill assigns a technical rating of 9 / 10 to LECO.
What is the current trend direction of LINCOLN ELECTRIC HOLDINGS (LECO) stock?
The current trend direction for LINCOLN ELECTRIC HOLDINGS (LECO) is Bullish.
What is the RSI signal for LECO stock?
LINCOLN ELECTRIC HOLDINGS (LECO) has an RSI value of 62.7933. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LINCOLN ELECTRIC HOLDINGS?
The MACD indicator for LINCOLN ELECTRIC HOLDINGS (LECO) has a value of 0.443179, indicating a bearish trend.
What is the buy/sell signal for LINCOLN ELECTRIC HOLDINGS (LECO) stock?
The buy/sell signal for LINCOLN ELECTRIC HOLDINGS (LECO) is buy as both the short term and long term trends are positive.