LIN Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for LIN stock for next trading week:
Technical Analysis
- Current price is around $430.95 with RSI at 58.79, indicating neutral momentum
- MACD is slightly positive at 1.33, suggesting mild bullish momentum
- Price is currently below the 60-day SMA of $441.52, indicating some short-term weakness
News Analysis
- Linde received a high rating of 87% from Validea's P/E/Growth Investor model, indicating strong fundamentals
- The company will report Q4 2024 earnings on February 6, with analysts expecting EPS of $3.94, up 9.8% year-over-year
- Full year 2024 EPS expected at $15.48, with 2025 projected at $17.00, showing consistent growth
- Stock has underperformed S&P 500 over past 52 weeks due to slow industrial activity and energy price fluctuations
Price Target Prediction Based on technical and fundamental factors:
- Support level: $416.83 (Fibonacci S1)
- Resistance level: $445.08 (Fibonacci R1)
- Key level to watch: $430.95 (Fibonacci pivot)
Trading Recommendation: HOLD
Rationale:
- While fundamentals remain strong with consistent earnings growth expected, technical indicators show neutral momentum
- Upcoming earnings report on Feb 6 could create volatility
- Current price is near key pivot level, suggesting consolidation before next move
- Recommend waiting for earnings report before taking new positions
The stock is likely to trade between $416-445 range next week, with potential for breakout after earnings announcement.
LIN Similar Chart Price Prediction
The price of LIN is predicted to go up -7.03%, based on the high correlation periods with BEN. The similarity of these two price pattern on the periods is 96.32%.
LIN
BEN
Down: -7.03%Similarity: 96.32%
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LIN Analyst's Forecast
Marc Bianchi
TD Cowen
Hold → Strong Buy
Price Target
$480 → $515
Upside
+22.2%
TD Cowen analyst Marc Bianchi upgraded Linde to Buy from Hold with a price target of $515, up from $480. The firm says it has always viewed the company as "having a very high quality business and to be very well run," and now it sees enough upside potential to justify a Buy rating. While there are concerns around broader economic growth that could weigh on its outlook, Linde will be able to outperform "whatever macro unfolds," the analyst tells investors in a research note. TD says the recent pullback in the shares has created a buying opportunity.
Patrick Cunningham
Citigroup
Hold
Price Target
$490 → $480
Upside
+13.67%
Hans Engel
Erste Group
Strong Buy → Hold
Price Target
n/a
Upside
0%