LH Technical Analysis - LABCORP HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, LH scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, LH has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, LH did better than 74% of all other stocks. On top of that, LH also shows a nice and consistent pattern of rising prices.

LH is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. LH outperforms 77% of them.

LH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month LH has a been trading in a tight range between 269.58 and 281.69.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LABCORP HOLDINGS INC / LH Weekly stock chart

LABCORP HOLDINGS INC / LH Daily stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, LH also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 278.68. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

213.61

282.53

4 important support areas can be observed.

A support zone ranging from 260.09 to 266.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 241.34 to 243.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @227.26 from a trend line in the weekly time frame.
Support @215.77 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 278.68 to 279.73. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for LH is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for LH is up.
ChartMill Relative Strength	74.07	POSITIVE	LH has a high relative strength, it outperformed 74.07% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of LH is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LH is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LH is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.87	NEUTRAL	The RSI value for LH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.52	NEGATIVE	The MACD value suggests LH has a negative trend, although the MACD value is rising.
Stochastics (14,3)	56.85	NEUTRAL	The Stochastics value for LH is a neutral value.
Average True Range in percent/ATR (20)	1.57	LOW VOLATILITY	The low ATR as a percentage value for LH suggests low volalility.
Average Directional Index/ADX (14)	36.01	POSITIVE	The high ADX value value for LH suggests a strong trend.