LINCOLN ELECTRIC HOLDINGS (LECO) Stock Technical Analysis
NASDAQ:LECO - Nasdaq - US5339001068 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to LECO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LECO is showing a nice and steady performance.
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 77% of 128 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 214.06 - 246.83 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, LECO did better than 85% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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
170.08
243.73
When analyzing the support we can see 4 important areas.
- A support zone ranging from 228.95 to 230.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 214.67 to 221.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @199.39 from a horizontal line in the daily time frame.
- Support @171.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @241.32 from a horizontal line in the weekly time frame.
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 | 85.62 | POSITIVE | LECO has a high relative strength, it outperformed 85.62% 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) | 67.77 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.09 | POSITIVE | The MACD value suggests LECO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.46 | OVERBOUGHT | The high Stochastics value suggests LECO may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for LECO suggests some volalility. |
| Average Directional Index/ADX (14) | 38.99 | POSITIVE | The high ADX value value for LECO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
241.31
-0.62 (-0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.26%
1 Week-0.9%
2 Weeks7.78%
1 Month7.98%
3 Month29.82%
6 Month26.18%
12 Month27.24%
2 Year25.38%
3 Year76.54%
5 Year149.52%
10 Year311.44%
15 Year386.91%
Volatility
ATR(14)6.26
ATR(20)%2.39%
ATR Inc-10.72%
Range Today4.49
ADR(20)5.35
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.62
Mansfield1.22
10 Day High246.83
10 Day Low219.78
20 Day High246.83
20 Day Low214.06
52 Week High246.83
52 Week Low161.11
CS1 End230.44
CR1 Start241.32
Volume & EV
DER(3)-2.16%
DER(5)-0.9%
Volume233.70K
Volume Incr11.46%
Vol(5)401.16K
Vol(50)391.29K