LINCOLN ELECTRIC HOLDINGS (LECO) Stock Technical Analysis
NASDAQ:LECO - Nasdaq - US5339001068 - Common Stock - Currency: USD
Overall LECO gets a technical rating of 8 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
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.
LECO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, LECO did better than 74% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
LECO is an average performer in the Machinery industry, it outperforms 57% of 127 stocks in the same industry.
Besides having an excellent technical rating, LECO 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 resistance zone just above the current price starting at 222.79. Right above this resistance zone may be a good entry point.
More info and screens
170.08
225.71
We found 5 important support areas.
- A support zone ranging from 217.50 to 220.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @210.36 from a trend line in the daily time frame.
- A support zone ranging from 199.39 to 205.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @190.75 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 222.79 to 223.48. 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 | 74.14 | POSITIVE | LECO has a high relative strength, it outperformed 74.14% 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) | 68.68 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests LECO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.92 | NEUTRAL | The Stochastics value for LECO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for LECO suggests some volalility. |
| Average Directional Index/ADX (14) | 36.93 | 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 |
|---|---|---|---|
| 223.49 | 217.49 | 6.00 (2.68%) | 25.00% |
| An entry @223.49. This is a Buy Stop order right above the resistance zone. | An exit @217.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.00 points, which is 2.68%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of LECO. Please evaluate whether better entry and exit points can be found.
- 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.
NASDAQ:LECO (7/18/2025, 2:59:47 PM)
221.25
-1.53 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.69%
1 Week-0.31%
2 Weeks4.18%
1 Month11.25%
3 Month25.59%
6 Month14.65%
12 Month10.33%
2 Year11%
3 Year57.51%
5 Year146.47%
10 Year267.93%
15 Year303.44%
Volatility
ATR(14)4.99
ATR(20)%2.17%
ATR Inc19.08%
Range Today3.98
ADR(20)4.74
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.14
Mansfield0.44
10 Day High225.25
10 Day Low213.72
20 Day High225.25
20 Day Low199.13
52 Week High225.25
52 Week Low161.11
CS1 End220.4
CR1 Start222.79
Volume & EV
DER(3)-0.65%
DER(5)0.3%
Volume119.29K
Volume Incr-40.77%
Vol(5)269.86K
Vol(50)378.53K