LABCORP HOLDINGS INC (LH) Stock Technical Analysis
NYSE:LH - New York Stock Exchange, Inc. - US5049221055 - Common Stock - Currency: USD
Overall LH gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LH is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
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 103 other stocks in this industry. LH outperforms 78% 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 the 250.41 - 265.72 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
LH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 261.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 261.85, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
196.97
266.91
When analyzing the support we can see 6 important areas.
- A support zone ranging from 259.96 to 261.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 241.33 to 242.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @222.43 from a trend line in the weekly time frame.
- Support @215.77 from a horizontal line in the weekly time frame.
- Support @212.04 from a horizontal line in the daily time frame.
- Support @198.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 261.90 to 264.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 74.88 | POSITIVE | LH has a high relative strength, it outperformed 74.88% 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) | 57.87 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests LH has a negative trend. |
| Stochastics (14,3) | 66.26 | NEUTRAL | The Stochastics value for LH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for LH suggests low volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for LH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 264.28 | 259.95 | 4.33 (1.64%) | 25.00% |
| An entry @264.28. This is a Buy Stop order right above the resistance zone. | An exit @259.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.33 points, which is 1.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- The distance between exit and entry is rather small compared to the average daily movement of LH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
261.89
+1.89 (+0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.73%
1 Week1.91%
2 Weeks0.19%
1 Month2.96%
3 Month16.4%
6 Month14.29%
12 Month28.01%
2 Year22.42%
3 Year-0.11%
5 Year35.75%
10 Year105.74%
15 Year258.85%
Volatility
ATR(14)4.71
ATR(20)%1.71%
ATR Inc-14.26%
Range Today2.37
ADR(20)4.29
ADR(20)%1.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.88
Mansfield0.27
10 Day High265.72
10 Day Low254.84
20 Day High265.72
20 Day Low250.41
52 Week High265.72
52 Week Low198.96
CS1 End261.85
CR1 Start261.9
Volume & EV
DER(3)-2.26%
DER(5)-0.24%
Volume271.20K
Volume Incr1.52%
Vol(5)693.66K
Vol(50)750.33K