Linde stock: buy or sell
Jan 18th, 2021
Linde stock brief
- Linde closed last Friday at $258.09 after going down a -2.12%.
- With the recent gains, Linde is approaching to new all-time highs again, that are now just 6.01% above the current trading
- From the chart point view, price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, shares made a 20.98% gain since the beginning of this rally
- Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific.
Should I buy Linde stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $LIN stock a buy?
In the current situation of Linde there is not any eligible buy setup. This doesn't mean $LIN will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Linde stock?
When you are a novel trader and you own stock shares with some profit, it's really hard to decide the best moment to sell and get your benefits. Trading strategies give us the ability us to avoid impulsive decisions based on our personal moods or the buzz surrounding the market. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short Linde stock
As a golden rule, you should not mantain an open trade that shows a losses greater than those expected by the time of the buy. The moment to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Linde stock?
In the current situation of Linde there is not any eligible sell setup, so Linde stock holders with operations in profit can keep their positions
In the last month we couldn't find any rating for Linde
Linde stock analysis
Linde stock started an uptrend last October, and gained an amazing 20.98%. The chart shows rising tops and bottoms, and along the way provided very few buying opportunities for those who wanted to enter. Latest low was in early December, when price bounced at $244.77. Now, the price swings in a consolidation between its last top ($274.58) and its last bottom ($244.77)
$LIN close to Highs
Close to ATH
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price surpassed the upper band on January 7, the price has been corrected downwards by 5.72%. The price is moving very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last November after just crossing to the overbough zone for a single day (weak signal). The RSI reading last Friday was 47.36. Since RSI lost the overbought zone, Linde stock inched down a 1.14%
Linde stock price history
Linde started trading priced at an adjusted price1 of $5.17 on Jun 1992. Since then, LIN stock surged by 4,892.07%, with an average of 174.72% per year. If you had invested thousand dollars in Linde stock at that time, it would worth $49,920.70 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Linde stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
The following table shows the price forecasts released by brokerage institutions over the last 30 days. If you are a small investor you should not buy or sell based on these predictions.
We don't have any target price posted in the last 4 weeks for Linde.
Earnings and financials
Shareholders event was hosted by Linde ($LIN) last November after releasing the financial report. The company reported earnings of $2.15 per share, slightly upping the Wall St consensus estimate of $1.97 per share.In comparing, the EPS for the same quarter last year was $1.94, so reported EPS is a increase of 10.82%. Sales merely changed on an annualized basis in the , from $70.0B to $68.6B last quarter.
Linde ($LIN) presents Q4 financial report mid next February. Analysts predict of $2.14, that is a 0.47% lower than Q3.
Important:The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for educative motives only
|Friday, January 15th, 2021|
|Day range||$256.9 - $261.91|
|Average true range||$6.78|
|50d mov avg||$255.76|
|100d mov avg||$246.86|
|200d mov avg||$227.99|
|Earnings date||February 11th, 2021|