Score 9 (out of 10): LINDE PLC poised to rally +10.1% rally in 3 months

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What’s Going On Here?

LINDE has started the ‘world’s first’ plant for extracting hydrogen from natural gas pipelines. In doing so, the company tries to avoid the high costs and the long process that would be involved in building dedicated hydrogen pipeline infrastructure.

Why Now?

LINDE PLC has reached a new medium term low. Previously, during similar occasions, LINDE PLC shares had a median return of +10.1%, over the following 3 months based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for LINDE PLC received a high score of 9 (out of 10). This insight was generated on 2022-January-21 with last price of 316.12.

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 Less Risky. 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 348.07 (+10.1%) 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 313.62 (last price at 316.12), which is equivalent to a -0.8% 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’ shown under (2), etc. 

Previous episodes:

16.5% (January-2021), 13.2% (October-2020), -4.3% (February-2020), 11.2% (August-2019), 14.8% (December-2018), 4.9% (October-2018), 9% (February-2018), 15.8% (August-2017), 2.1% (November-2016), 8.8% (June-2016).

Historical Chart:

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Summary:

NameLINDE PLC
ViewUp
Star (1 to 10)9.0
Target+10.1%
Time3 months
Hit Rate90%

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