Lincoln Electric Holdings Stock Forecast
Lincoln Electric Holdings stock price ended at $236.61 on Wednesday, after losing 1.21%.
(Updated on Apr 17, 2024)
The Lincoln Electric Holdings stock price fell by -1.21% on the last day (Wednesday, 17th Apr 2024) from $239.51 to $236.61. During the last trading day the stock fluctuated 1.97% from a day low at $235.66 to a day high of $240.31. The price has fallen in 6 of the last 10 days and is down by -5.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -38 thousand shares and in total, 233 thousand shares were bought and sold for approximately $55.11 million.
Given the current short-term trend, the stock is expected to rise 12.25% during the next 3 months and, with a 90% probability hold a price between $265.60 and $297.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LECO Signals & Forecast
There are few to no technical positive signals at the moment. The Lincoln Electric Holdings stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $240.36 and $250.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -8.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Lincoln Electric Holdings stock
Lincoln Electric Holdings finds support from accumulated volume at $231.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.65 between high and low, or 1.97%. For the last week, the stock has had daily average volatility of 1.72%.
Lincoln Electric Holdings is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LECO) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Lincoln Electric Holdings to open at $237.53, and during the day (based on 14 day Average True Range), to move between $231.98 and $241.24, which gives a possible trading interval of +/-$4.63 (+/-1.96%) up or down from last closing price. If Lincoln Electric Holdings takes out the full calculated possible swing range there will be an estimated 3.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $231.55 (2.14%) than the resistance at $248.41 (4.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Lincoln Electric Holdings will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.16. We will update the financials statements for Lincoln Electric Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.01% in the first trading day after earnings release.
Is Lincoln Electric Holdings stock A Buy?
The Lincoln Electric Holdings stock holds several negative signals and despite the positive trend, we believe Lincoln Electric Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.096 Sell Candidate Unchanged
Predicted Opening Price for Lincoln Electric Holdings of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $237.53 ( 0.387%) | $236.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LECO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 242.18 | 2.35 % | |
| R2 | 240.40 | 1.60 % | ||
| R1 | 239.30 | 1.14 % | ||
| Current price: | 236.61 | |||
| Support | S1 | 235.75 | -0.363 % | |
| S2 | 234.65 | -0.83 % | ||
| S3 | 232.88 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 249.90 | 5.62 % | |
| R2 | 249.80 | 5.57 % | ||
| R1 | 248.41 | 4.99 % | ||
| Current price | 236.61 | |||
| Support | S1 | 231.55 | -2.14% | |
| S2 | 227.25 | -3.96% | ||
| S3 | 222.22 | -6.08% |
LECO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.710 | 0.297% |
| 2 | Oct 17, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.710 | 0.334% |
| 3 | Jul 20, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.640 | 0.349% |
| 4 | Apr 18, 2023 | Jun 29, 2023 | Oct 13, 2023 | $0.640 | 0.349% |
| 5 | Feb 15, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.640 | 0.403% |
FAQ
Click here for our free guide on how to buy Lincoln Electric Holdings Stock.
