LINCOLN ELECTRIC HOLDINGS (LECO) Stock Technical Analysis
NASDAQ:LECO • US5339001068
We assign a technical rating of 10 out of 10 to LECO. 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.
- 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. On top of that, LECO also shows a nice and consistent pattern of rising prices.
- LECO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LECO is lagging the market slightly.
- LECO is part of the Machinery industry. There are 130 other stocks in this industry, LECO did better than 69% of them.
- In the last month LECO has a been trading in the 253.07 - 310.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, LECO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 286.12, a Stop Loss order could be placed below this zone.
More info and screens
173.31
We found 8 important support areas.
- A support zone ranging from 281.16 to 286.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 263.37 to 263.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @251.29 from a trend line in the weekly time frame.
- Support @241.95 from a horizontal line in the daily time frame.
- Support @237.35 from a trend line in the daily time frame.
- Support @223.33 from a horizontal line in the daily time frame.
- 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 298.89 to 298.89. 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 | 84.18 | POSITIVE | LECO has a high relative strength, it outperformed 84.18% 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) | 59.38 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.72 | NEGATIVE | The MACD value suggests LECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.38 | NEUTRAL | The Stochastics value for LECO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for LECO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.11 | NEUTRAL | The ADX value for LECO suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 298.90 | 281.15 | 17.75 (5.94%) | 16.84% |
| An entry @298.90. This is a Buy Stop order right above the resistance zone. | An exit @281.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 17.75 points, which is 5.94%. | For a 1.00% total portfolio risk, you can invest 16.84% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
287.42
+2.44 (+0.86%)
LINCOLN ELECTRIC HOLDINGS / LECO FAQ
What is the technical rating for LECO stock?
ChartMill assigns a technical rating of 10 / 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 59.3822. 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 -1.71669, 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.