Linde plc Stock Forecast
Linde plc stock price down 0.747% on Tuesday
(Updated on Jul 02, 2024)
The Linde plc stock price fell by -0.747% on the last day (Tuesday, 2nd Jul 2024) from 401.40€ to 398.40€. During the last trading day the stock fluctuated 0.81% from a day low at 397.40€ to a day high of 400.60€. The price has fallen in 6 of the last 10 days and is down by -2.16% 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 -16 thousand shares and in total, 22 thousand shares were bought and sold for approximately 8.58€ million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.12% during the next 3 months and, with a 90% probability hold a price between 359.83€ and 395.32€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LIN.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Linde plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 408.00€ and 402.39€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -3.77%. 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 Linde plc stock
Linde plc finds support from accumulated volume at 397.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 3.20€ between high and low, or 0.81%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LIN.DE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Linde plc to open at 398.80€, and during the day (based on 14 day Average True Range), to move between 392.74€ and 404.06€, which gives a possible trading interval of +/-5.66€ (+/-1.42%) up or down from last closing price. If Linde plc takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 397.00€ (0.35%) than the resistance at 407.20€ (2.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Linde plc stock A Buy?
Linde plc holds several negative signals and is within a 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: -4.822 Sell Candidate Unchanged
Predicted Opening Price for Linde plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 398.80€ ( 0.100%) | 398.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIN.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 402.00 | 0.90% |
| R2 | 400.78 | 0.597% |
| R1 | 400.02 | 0.407% |
| Price | 398.40 | |
| S1 | 397.58 | -0.206% |
| S2 | 396.82 | -0.396% |
| S3 | 395.60 | -0.703% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 417.60 | 4.82% |
| R2 | 411.60 | 3.31% |
| R1 | 407.20 | 2.21% |
| Price | 398.40 | |
| S1 | 397.00 | -0.351% |
| S2 | 392.20 | -1.56% |
| S3 | 387.40 | -2.76% |
LIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 18, 2024 | 1.29€ | 0.317% |
| 2 | Mar 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | 1.28€ | 0.299% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | 1.28€ | 0.335% |
| 4 | Sep 01, 2023 | Sep 01, 2023 | Sep 01, 2023 | 1.28€ | 0.355% |
| 5 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | 1.28€ | 0.386% |
FAQ
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