Technical Analysis:
Based on the latest market data, LIN closed at $457 on Friday, February 14, 2025, with a -0.88% decline in regular trading hours. The stock shows the following technical signals:
- RSI-14 at 61.37 indicates neutral momentum but approaching overbought territory
- MACD (12,26,9) is positive at 7.25 with rising histogram (0.88), suggesting bullish momentum
- Stochastic RSI (14,14,3,3) at 57.29 indicates room for upward movement
- Price is trading above all major moving averages (SMA 5,10,20,60,200), confirming an overall uptrend
Price Projection for Next Week:
Based on Fibonacci levels and current technical setup:
- Support levels: $445.04 (Fib S1), $439.46 (Fib S2)
- Resistance levels: $463.11 (Fib R1), $468.69 (Fib R2)
News Impact:
- Q4 earnings beat EPS estimates ($3.97 vs $3.94) but missed revenue expectations
- Company provided FY25 guidance of $16.15-$16.55 EPS, indicating 8-11% growth excluding FX impact
- Record $7 billion sale of gas backlog, including a $2 billion project in Canada
- Strong operating margins at 29.9%, up 250 basis points Y/Y
Price Target and Recommendation:
Expected price range for next week: $458-465
Recommendation: HOLD
Rationale:
- While technical indicators show positive momentum, the stock is approaching overbought levels
- Strong fundamentals support current valuation, but near-term upside may be limited due to recent price appreciation
- Current price sits near the middle of Fibonacci trading range, suggesting consolidation likely
Target exit points:
- Consider taking profits if price reaches $468 (R2)
- Set stop loss below $445 (S1)
Technical Analysis:
Based on the latest market data, LIN closed at $457 on Friday, February 14, 2025, with a -0.88% decline in regular trading hours. The stock shows the following technical signals:
- RSI-14 at 61.37 indicates neutral momentum but approaching overbought territory
- MACD (12,26,9) is positive at 7.25 with rising histogram (0.88), suggesting bullish momentum
- Stochastic RSI (14,14,3,3) at 57.29 indicates room for upward movement
- Price is trading above all major moving averages (SMA 5,10,20,60,200), confirming an overall uptrend
Price Projection for Next Week:
Based on Fibonacci levels and current technical setup:
- Support levels: $445.04 (Fib S1), $439.46 (Fib S2)
- Resistance levels: $463.11 (Fib R1), $468.69 (Fib R2)
News Impact:
- Q4 earnings beat EPS estimates ($3.97 vs $3.94) but missed revenue expectations
- Company provided FY25 guidance of $16.15-$16.55 EPS, indicating 8-11% growth excluding FX impact
- Record $7 billion sale of gas backlog, including a $2 billion project in Canada
- Strong operating margins at 29.9%, up 250 basis points Y/Y
Price Target and Recommendation:
Expected price range for next week: $458-465
Recommendation: HOLD
Rationale:
- While technical indicators show positive momentum, the stock is approaching overbought levels
- Strong fundamentals support current valuation, but near-term upside may be limited due to recent price appreciation
- Current price sits near the middle of Fibonacci trading range, suggesting consolidation likely
Target exit points:
- Consider taking profits if price reaches $468 (R2)
- Set stop loss below $445 (S1)