LINCOLN ELECTRIC HOLDINGS (LECO) Stock Technical Analysis
USA - NASDAQ:LECO - US5339001068 - Common Stock
We assign a technical rating of 3 out of 10 to LECO. In the last year, LECO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is bad, LECO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 227.92, a Stop Loss order could be placed below this zone.
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173.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 227.92 to 227.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @223.33 from a horizontal line in the daily time frame.
- Support @175.06 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 233.47 to 233.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 237.39 to 238.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 243.35 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 | DOWN | NEGATIVE | The short term trend for LECO is down. |
| ChartMill Relative Strength | 53.48 | NEUTRAL | LECO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LECO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LECO is below a declining 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) | 42.24 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests LECO has a negative trend. |
| Stochastics (14,3) | 55.1 | NEUTRAL | The Stochastics value for LECO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.9 | MEDIUM VOLATILITY | The ATR as a percentage value for LECO suggests some volalility. |
| Average Directional Index/ADX (14) | 17.06 | NEGATIVE | The low ADX value for LECO suggests a weak or negative trend. |
231.82
-2.63 (-1.12%)
LINCOLN ELECTRIC HOLDINGS / LECO FAQ
What is the technical rating for LECO stock?
ChartMill assigns a technical rating of 3 / 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 42.2441. 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 -0.680457, indicating a bearish trend.
Can you provide the short term momentum for LINCOLN ELECTRIC HOLDINGS?
The short term momentum for LINCOLN ELECTRIC HOLDINGS (LECO) is negative.