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. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LECO is only an average performer.
The long and short term trends are both positive. This is looking good!
LECO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LECO is lagging the market slightly.
In the last month LECO has a been trading in the 188.65 - 211.66 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, LECO did better than 71% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
LECO is part of the Machinery industry. There are 128 other stocks in this industry, LECO did better than 59% of them.
Although LECO has an excellent technical rating, it does not offer a high quality setup 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
222.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 197.06 to 204.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 190.75 to 192.87. This zone is formed by a combination of multiple trend lines and important moving averages 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 218.40 to 219.95. 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 | 71.32 | POSITIVE | LECO has a high relative strength, it outperformed 71.32% 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) | 67.42 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests LECO has a positive trend. |
| Stochastics (14,3) | 86.96 | OVERBOUGHT | The high Stochastics value suggests LECO may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for LECO suggests low volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for LECO suggests a possible start of a new 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)
211.38
+4.57 (+2.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg2.21%
1 Week5.12%
2 Weeks3.8%
1 Month9.84%
3 Month11.08%
6 Month11.33%
12 Month12.05%
2 Year6.42%
3 Year71.35%
5 Year150.93%
10 Year247.15%
15 Year314.55%
Volatility
ATR(14)4.22
ATR(20)%1.92%
ATR Inc7.29%
Range Today4.84
ADR(20)3.87
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.32
Mansfield0.16
10 Day High211.66
10 Day Low199.13
20 Day High211.66
20 Day Low188.65
52 Week High222.52
52 Week Low161.11
CS1 End204.36
CR1 Start218.4
Volume & EV
DER(3)1.76%
DER(5)0.9%
Volume313.04K
Volume Incr26.98%
Vol(5)420.63K
Vol(50)360.26K