LINCOLN ELECTRIC HOLDINGS (LECO)

US5339001068 - Common Stock

208.51  +5.32 (+2.62%)

After market: 208.51 0 (0%)

Technical Rating and Analysis

6

Taking everything into account, LECO scores 6 out of 10 in our technical rating. In the last year, LECO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

LECO is one of the lesser performing stocks in the Machinery industry. 60% of 131 stocks in the same industry do better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, LECO outperforms 50% of them, which is more or less in line with the market.
LECO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LECO is lagging the market.
In the last month LECO has a been trading in the 191.52 - 222.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
LECO Weekly chart
LECO Daily chart
Setup Rating and Analysis

8

LECO has only a medium technical rating, but it does show 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 213.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 205.47, 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.

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Support and Resistance Analysis

170.08

220.59

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 200.26 to 205.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @189.48 from a horizontal line in the daily time frame.
  • Support @178.16 from a trend line in the weekly time frame.
  • Support @171.80 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 213.66 to 218.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.45
Mansfield-1.33
10 Day High218.55
10 Day Low201.06
20 Day High222.16
20 Day Low191.52
52 Week High261.13
52 Week Low169.51
Performance
1 Week0.48%
2 Weeks-3.95%
1 Month7.65%
3 Month5.32%
6 Month2.98%
12 Month6.47%
2 Year41%
3 Year54.5%
5 Year126%
10 Year189.44%
15 Year305.82%

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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)

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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)
Technical Indicators
MACD(12,26,9)-0.96
RSI(14)55.81
LBB197.43
UBB221.32

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
209.33201.058.27 (3.95%)25.00%
An entry @209.32. This is a Buy Stop order right above the 10 day moving average.An exit @201.05. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 8.27 points, which is 3.95%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%.

  • 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.

More info and screens

LECO Daily chart

LINCOLN ELECTRIC HOLDINGS

NASDAQ:LECO (11/21/2024, 8:00:02 PM)

After market: 208.51 0 (0%)

208.51

+5.32 (+2.62%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg2.62%
1 Week0.48%
2 Weeks-3.95%
1 Month7.65%
3 Month5.32%
6 Month2.98%
12 Month6.47%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5.98
ATR(20)%3.05%
ATR Inc
Range Today7.25
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High218.55
10 Day Low201.06
20 Day High222.16
20 Day Low191.52
52 Week High261.13
52 Week Low169.51
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume307.80K
Volume Incr-22.47%
Vol(5)240.86K
Vol(50)273.35K