Linde plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Linde plc stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Jun 20, 2024)
The Linde plc stock price gained 1.33% on the last trading day (Thursday, 20th Jun 2024), rising from 407.20€ to 412.60€. During the last trading day the stock fluctuated 1.77% from a day low at 406.40€ to a day high of 413.60€. The price has risen in 6 of the last 10 days and is up by 3.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately 10.75€ million.
Given the current short-term trend, the stock is expected to fall -7.37% during the next 3 months and, with a 90% probability hold a price between 341.71€ and 382.21€ 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.F Signals & Forecast
The Linde plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 406.91€ and 400.13€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 6.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Linde plc stock
Linde plc finds support from accumulated volume at 407.20€ 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 7.20€ between high and low, or 1.77%. For the last week the stock has had daily average volatility of 1.47%.
The Linde plc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 398.57€ (-3.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 67 days ago.)
Trading Expectations (LIN.F) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Linde plc to open at 410.87€, and during the day (based on 14 day Average True Range), to move between 406.96€ and 418.24€, which gives a possible trading interval of +/-5.64€ (+/-1.37%) up or down from last closing price. If Linde plc takes out the full calculated possible swing range there will be an estimated 2.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 417.60€ (1.21%) than the support at 407.20€ (1.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Linde plc stock A Buy?
Linde plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Linde plc of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| 410.87€ ( 0.420%) | 412.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 418.07 | 1.32% |
| R2 | 415.32 | 0.658% |
| R1 | 413.62 | 0.247% |
| Price | 412.60 | |
| S1 | 408.12 | -1.09% |
| S2 | 406.42 | -1.50% |
| S3 | 403.67 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 429.20 | 4.02% |
| R2 | 421.00 | 2.04% |
| R1 | 417.60 | 1.21% |
| Price | 412.60 | |
| S1 | 407.20 | -1.31% |
| S2 | 392.20 | -4.94% |
| S3 | 387.40 | -6.11% |
LIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 18, 2024 | 1.29€ | 0% |
| 2 | Mar 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | 1.28€ | 0% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | 1.28€ | 0% |
| 4 | Sep 01, 2023 | Sep 01, 2023 | Sep 01, 2023 | 1.28€ | 0% |
| 5 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | 1.28€ | 0% |
FAQ
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