Taking everything into account, LECO scores 7 out of 10 in our technical rating. Although LECO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although LECO has an excellent technical rating, the quality of the presented setup is not ideal 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
When analyzing the support we can see 3 important areas.
- A support zone ranging from 231.05 to 238.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 218.22 to 225.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @175.06 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 245.42 to 247.77. 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 | 71.09 | POSITIVE | LECO has a high relative strength, it outperformed 71.09% 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) | 65.2 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.01 | POSITIVE | The MACD value suggests LECO has a positive trend. |
| Stochastics (14,3) | 96.35 | OVERBOUGHT | The high Stochastics value suggests LECO may be overbought. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for LECO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.4 | NEGATIVE | The low ADX value for LECO suggests a weak or negative trend. |
245.41
+1.36 (+0.56%)
LINCOLN ELECTRIC HOLDINGS / LECO FAQ
What is the technical rating for LECO stock?
ChartMill assigns a technical rating of 7 / 10 to LECO.
Can you provide the trend direction for LINCOLN ELECTRIC HOLDINGS?
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 65.2009. This indicates that the stock is currently neutral.
What is the MACD signal for LECO stock?
The MACD indicator for LINCOLN ELECTRIC HOLDINGS (LECO) has a value of 2.00543, indicating a bullish trend.
Can you provide the short term momentum for LINCOLN ELECTRIC HOLDINGS?
The short term momentum for LINCOLN ELECTRIC HOLDINGS (LECO) is positive.