LINCOLN ELECTRIC HOLDINGS (LECO) Stock Technical Analysis
NASDAQ:LECO - US5339001068 - Common Stock
242.63 USD
-2.91 (-1.19%)
242.63 USD
0 (0%)
Taking everything into account, LECO scores 9 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
LECO is part of the Machinery industry. There are 128 other stocks in this industry. LECO outperforms 73% of them.
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 233.44 - 249.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, LECO did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
LECO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 237.42, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
170.08
250.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 237.26 to 237.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 226.32 to 230.04. 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.
- A resistance zone ranging from 242.90 to 247.77. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 83.65 | POSITIVE | LECO has a high relative strength, it outperformed 83.65% 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) | 56.88 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests LECO has a negative trend. |
| Stochastics (14,3) | 75.37 | NEUTRAL | The Stochastics value for LECO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for LECO suggests low volalility. |
| Average Directional Index/ADX (14) | 30.11 | 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)
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 |
|---|---|---|---|
| 247.78 | 237.25 | 10.53 (4.25%) | 23.53% |
| An entry @247.78. This is a Buy Stop order right above the resistance zone. | An exit @237.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.53 points, which is 4.25%. | When investing 23.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
242.63
-2.91 (-1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.19%
1 Week-1.07%
2 Weeks2.26%
1 Month0.62%
3 Month25.33%
6 Month17.39%
12 Month25.32%
2 Year26.07%
3 Year77.5%
5 Year150.88%
10 Year313.69%
15 Year389.57%
Volatility
ATR(14)4.56
ATR(20)%1.9%
ATR Inc13.92%
Range Today7.04
ADR(20)4.51
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.65
Mansfield1.01
10 Day High249.19
10 Day Low233.44
20 Day High249.19
20 Day Low233.44
52 Week High249.19
52 Week Low161.11
CS1 End237.42
CR1 Start242.9
Volume & EV
DER(3)-0.55%
DER(5)-1.7%
Volume263.20K
Volume Incr-27.23%
Vol(5)255.62K
Vol(50)364.24K