Hold/Accumulate
Fri 21'st Apr 2017

VOLUME
Sell
TREND
Buy
MV LONG
Buy
MV SHORT
Buy
PIVOT
Sell
MACD
Buy
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Lincoln Electric Holdings Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Hold candidate since 2017-04-21

Lincoln Electric Holdings fell by -0.49% in the last day, from USD 87.95 to USD 87.52 The price has risen in 6 of the last 10 days and is up by 1.96% over the past 2 weeks. 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 -11 729 shares and in total, 339 117 shares bought and sold for approximately USD 29.68 million.

Trend

Lincoln Electric Holdings lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.1% during the next 3 months and, with 90% probability hold a price between USD 85.52 and USD 93.48 at the end of this period.

Signals

Lincoln Electric Holdings holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at USD 85.33 and USD 86.20. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday April 20, 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.

The stock had a Golden Star Signal* on Wednesday March 29, 2017 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Support & Resistance

Lincoln Electric Holdings finds support from accumulated volume at USD 86.78, USD 83.37, and USD 83.00. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 87.54, USD 88.47 and USD 87.95.

The stock is about to test the resistance from accumulated volume at USD 87.54 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 1.63 (1.87%) between high and low. For the last week, the stock has had a daily average volatility of 2.68%.

Our recommended stoploss: USD 83.71 (-4.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

Evaluation

Lincoln Electric Holdings holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Hold/Accumulate

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