LINCOLN ELECTRIC HOLDINGS (LECO) Stock Technical Analysis
NASDAQ:LECO - Nasdaq - US5339001068 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to LECO. LECO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month LECO has a been trading in the 181.90 - 203.47 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, LECO outperforms 54% of them, which is more or less in line with the market.
LECO is part of the Machinery industry. There are 128 other stocks in this industry, LECO did better than 59% of them.
LECO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LECO is lagging the market slightly.
LECO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 198.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 195.01, a Stop Loss order could be placed below this zone.
More info and screens
170.08
222.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 190.75 to 195.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 171.80 to 172.01. This zone is formed by a combination of multiple trend lines in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 198.77 to 200.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @207.04 from a trend line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for LECO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LECO is up. |
| ChartMill Relative Strength | 54.63 | NEUTRAL | LECO is not amongst the best or worst performers 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) | 58.3 | NEUTRAL | The RSI value for LECO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests LECO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.11 | NEUTRAL | The Stochastics value for LECO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for LECO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for LECO suggests a weak or negative 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 |
|---|---|---|---|
| 200.13 | 190.74 | 9.39 (4.69%) | 21.31% |
| An entry @200.13. This is a Buy Stop order right above the resistance zone. | An exit @190.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 9.39 points, which is 4.69%. | When investing 21.31% 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.
198.73
+3.36 (+1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.72%
1 Week1.74%
2 Weeks2.24%
1 Month9.51%
3 Month-1.46%
6 Month-5.33%
12 Month6.05%
2 Year0.05%
3 Year61.1%
5 Year135.91%
10 Year226.38%
15 Year289.74%
Volatility
ATR(14)4.29
ATR(20)%2.33%
ATR Inc-16.06%
Range Today5.03
ADR(20)3.89
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.63
Mansfield-0.14
10 Day High199.91
10 Day Low188.65
20 Day High203.47
20 Day Low181.9
52 Week High222.52
52 Week Low161.11
CS1 End195.01
CR1 Start198.77
Volume & EV
DER(3)-0.76%
DER(5)-0.61%
Volume461.90K
Volume Incr5.58%
Vol(5)367.44K
Vol(50)347.76K