Score 9.4 (out of 10): LINDE PLC sets up for +11.2% rally in 3 months

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What’s Going On Here?

LINDE has announced a $10bn share buyback program and a 10% increase in its quarterly dividend to $1.17 a share as Linda has once again generated record cash flow, according to its CEO.

Why Now?

LINDE PLC has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, LINDE PLC shares had a median return of +11.2%, over the following 3 months – based on 10 historical occasions with 10 of those showing positive returns (100%). This buy signal for LINDE PLC received a high score of 9.4 (out of 10). This insight was generated on 2022-March-14 with last price of 285.36.

What’s This Company About?

LINDE PLC is in the Industrial Gases business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth +26% (average). Ticker symbol: LIN US.

What’s My Risk / Reward and Time Horizon?

We found 3 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 317.31 (+11.2%) has been reached. Based on LINDE PLC’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 270.76 (last price at 285.36), which is equivalent to a -5.1% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

16.8% (February-2021), 13.9% (October-2020), 24.7% (March-2020), 10.5% (August-2019), 11.1% (May-2019), 11.7% (November-2018), 3% (September-2018), 6.6% (July- 2018), 11.3% (April-2018), 3.9% (February-2018).

Historical Chart:

Summary:

NameLINDE PLC
ViewUp
Star (1 to 10)9.4
Target+11.2%
Time3 months
Hist Rate100%

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