LECO - Lincoln Electric Holdings

Industry: Small Tools & Accessories Sector: Industrial Goods | Exchange: NASDAQ

Sell Candidate
Buy Score Rank #4054 out of #5176
Wed 26'th Jul 2017

PERIOD COVERED
2017-04-27 - 2017-07-26
CHANGE
-0.90%
PRICE
$86.56
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

BOLLINGER
Sell
Request Prediction
0.00%

Lincoln Electric Holdings Stock Analysis

Technical stock analysis for Wed 26'th Jul 2017

Sell candidate since 2017-07-24 Loss -7.39%

Lincoln Electric Holdings fell by -0.90% in the last day from $87.35 to $86.56 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -7.53% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1 181 991 shares and in total 666 788 shares bought and sold for approximately $57.72 million.

Trend

Lincoln Electric Holdings has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $89.71. A reaction back to this level may hold a second chance to get out before further falls.

Signals

There are few to none technical positive signals at the moment. Lincoln Electric Holdings holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $91.62 and $93.07. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 19, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Support & Resistance

Lincoln Electric Holdings finds support from accumulated volume at . On the upside the stock meets some resistance just above today's level from accumulated volume at $87.35, $92.28 and $91.78.

The stock is about to test the resistance from accumulated volume at $87.35 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $86.48 Price: $86.56 Resistance: $87.35
S: $86.48 Price: $86.56 R: $87.35

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.29 (1.49%) between high and low. For the last week, the stock has had a daily average volatility of 2.59%.

Lincoln Electric Holdings is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

The stock stock holds several negative signals and despite the positive trend we believe Lincoln Electric Holdings will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training
Help StockInvest improve by answering this short survey clicking HERE.

Build Your Watchlist

Add LECO My Watchlist

Recommended
books of the week

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

Sign up to get FREE access to awesome features

Auto-portfolios that gain up to 30%

Request predictions from other users

Watchlist builder with notifications

News updates from 100+ financial publications

START FREE 5-DAY TRIAL
START FREE 5-DAY TRIAL