STANDARD BIOTOOLS INC (LAB) Stock Technical Analysis
NASDAQ:LAB • US34385P1084
Overall LAB gets a technical rating of 0 out of 10. LAB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, LAB is a bad performer in the overall market: 76% of all stocks are doing better.
- LAB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- LAB has an average volume of 1524010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- LAB is an average performer in the Life Sciences Tools & Services industry, it outperforms 64% of 58 stocks in the same industry.
- LAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LAB is lagging the market.
LAB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.10
When analyzing the support we notice one important area.
- A support zone ranging from 1.11 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @1.50 from a trend line in the weekly time frame.
- Resistance @1.56 from a trend line in the weekly time frame.
- Resistance @1.59 from a trend line in the daily time frame.
- Resistance @1.68 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for LAB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LAB is down. |
| ChartMill Relative Strength | 24.89 | NEGATIVE | LAB has a low relative strength, it was outperformed by 75.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LAB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.08 | NEUTRAL | The RSI value for LAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests LAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.02 | OVERSOLD | The low Stochastics value suggests LAB may be oversold. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for LAB suggests high volalility. |
| Average Directional Index/ADX (14) | 32.68 | POSITIVE | The high ADX value value for LAB suggests a strong trend. |
1.17
0 (0%)
STANDARD BIOTOOLS INC / LAB FAQ
What is the ChartMill technical rating of STANDARD BIOTOOLS INC (LAB) stock?
ChartMill assigns a technical rating of 0 / 10 to LAB.
Can you provide the trend direction for STANDARD BIOTOOLS INC?
The current trend direction for STANDARD BIOTOOLS INC (LAB) is Bearish.
Can you provide the RSI signal for STANDARD BIOTOOLS INC?
STANDARD BIOTOOLS INC (LAB) has an RSI value of 39.0753. This indicates that the stock is currently neutral.
What is the short term momentum for LAB stock?
The short term momentum for STANDARD BIOTOOLS INC (LAB) is negative.
What is the buy/sell signal for STANDARD BIOTOOLS INC (LAB) stock?
The buy/sell signal for STANDARD BIOTOOLS INC (LAB) is sell as both the short term and long term trends are negative.