Lincoln Electric Holdings Stock Forecast
Lincoln Electric Holdings stock price ended at $219.53 on Tuesday, after losing 2.49%.
(Updated on Apr 30, 2024)
The Lincoln Electric Holdings stock price fell by -2.49% on the last day (Tuesday, 30th Apr 2024) from $225.13 to $219.53. During the last trading day the stock fluctuated 2.88% from a day low at $218.64 to a day high of $224.93. The price has fallen in 7 of the last 10 days and is down by -8.34% 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 -9 thousand shares and in total, 386 thousand shares were bought and sold for approximately $84.63 million.
Given the current horizontal trend, you can expect Lincoln Electric Holdings stock with a 90% probability to be traded between $221.40 and $261.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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 $230.72 and $244.56. 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 -15.03%. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $6.29 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 3.27%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Lincoln Electric Holdings to open at $221.03, and during the day (based on 14 day Average True Range), to move between $213.81 and $225.25, which gives a possible trading interval of +/-$5.72 (+/-2.61%) up or down from last closing price. If Lincoln Electric Holdings takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $227.93, some $8.40 (3.83%) from the current price of $219.53, our system finds the risk reward not very attractive.
Is Lincoln Electric Holdings stock A Buy?
Lincoln Electric Holdings holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.594 Sell Candidate Unchanged
Predicted Opening Price for Lincoln Electric Holdings of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$221.03 ( 0.685%) | $219.53 |
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 | 227.32 | 3.55 % | |
R2 | 224.92 | 2.46 % | ||
R1 | 223.44 | 1.78 % | ||
Current price: | 219.53 | |||
Support | S1 | 218.63 | -0.410 % | |
S2 | 217.15 | -1.09 % | ||
S3 | 214.74 | -2.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 249.80 | 13.79 % | |
R2 | 248.41 | 13.16 % | ||
R1 | 227.93 | 3.83 % | ||
Current price | 219.53 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
LECO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 30, 2024 | Jun 30, 2024 | Jul 15, 2024 | $0.710 | 0.323% |
2 | Apr 18, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.710 | 0.323% |
3 | Feb 20, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.710 | 0.297% |
4 | Oct 17, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.710 | 0.334% |
5 | Jul 20, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.640 | 0.349% |
FAQ
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