Lincoln Electric Holdings Inc (LECO)
Lincoln Electric Holdings, Inc. designs, develops, manufactures and sells welding, cutting and brazing products worldwide. The company is headquartered in Cleveland, Ohio.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.67% per annum.
- LECO price at the close of March 31, 2025 was $189.16 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.10% per annum.
- LECO price at the close of March 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LECO price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 14, 2023
End date: March 31, 2025
a = 5.9642
b = -0.0004
s = 0.0806
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0806) – 1
= 38.04%
December 14, 2023 calculations
Top border of price channel:
Exp(Y933)
= Exp(a + b × X933 + 2 × s)
= Exp(a + b × 1,352 + 2 × s)
= Exp(5.9642 + -0.0004 × 1,352 + 2 × 0.0806)
= Exp(5.5809)
= $265.31
Bottom border of price channel:
Exp(Y933)
= Exp(a + b × X933 – 2 × s)
= Exp(a + b × 1,352 – 2 × s)
= Exp(5.9642 + -0.0004 × 1,352 – 2 × 0.0806)
= Exp(5.2585)
= $192.20
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(5.9642 + -0.0004 × 1,825 + 2 × 0.0806)
= Exp(5.3904)
= $219.29
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(5.9642 + -0.0004 × 1,825 – 2 × 0.0806)
= Exp(5.0680)
= $158.86
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 13.67% per annum.
- LECO price at the close of March 31, 2025 was $189.16 and was inside the primary price channel.
Secondary Trend
Start date: May 28, 2024
End date: March 31, 2025
a = 4.9530
b = 0.0002
s = 0.0488
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0002) – 1
= 7.10%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0488) – 1
= 21.55%
May 28, 2024 calculations
Top border of price channel:
Exp(Y1,045)
= Exp(a + b × X1,045 + 2 × s)
= Exp(a + b × 1,518 + 2 × s)
= Exp(4.9530 + 0.0002 × 1,518 + 2 × 0.0488)
= Exp(5.3358)
= $207.65
Bottom border of price channel:
Exp(Y1,045)
= Exp(a + b × X1,045 – 2 × s)
= Exp(a + b × 1,518 – 2 × s)
= Exp(4.9530 + 0.0002 × 1,518 – 2 × 0.0488)
= Exp(5.1407)
= $170.83
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.9530 + 0.0002 × 1,825 + 2 × 0.0488)
= Exp(5.3935)
= $219.98
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9530 + 0.0002 × 1,825 – 2 × 0.0488)
= Exp(5.1984)
= $180.98
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 7.10% per annum.
- LECO price at the close of March 31, 2025 was inside the secondary price channel.