LABCORP HOLDINGS INC (LH) Stock Technical Analysis
NYSE:LH - New York Stock Exchange, Inc. - US5049221055 - Common Stock - Currency: USD
Taking everything into account, LH scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that LH is one of the better performing stocks in the market, outperforming 85% of all 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 102 other stocks in this industry. LH outperforms 74% of them.
LH is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so LH is leading the market.
In the last month LH has a been trading in the 239.75 - 263.60 range, which is quite wide. It is currently trading near the high of this range.
Although LH has an excellent technical rating, it does not offer a high quality setup 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
196.97
263.73
We found 4 important support areas.
- A support zone ranging from 240.38 to 244.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 215.77 to 220.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @212.04 from a horizontal line in the daily time frame.
- Support @198.96 from a horizontal line in the weekly 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 | 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 | 85.29 | POSITIVE | LH has a high relative strength, it outperformed 85.29% 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) | 67.59 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests LH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.9 | OVERBOUGHT | The high Stochastics value suggests LH may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for LH suggests low volalility. |
| Average Directional Index/ADX (14) | 20.67 | NEUTRAL | The ADX value for LH suggests a possible start of a new 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)
261.12
-0.53 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.2%
1 Week2.82%
2 Weeks4.88%
1 Month6.03%
3 Month9.01%
6 Month12.55%
12 Month30.64%
2 Year8.2%
3 Year11.42%
5 Year57.2%
10 Year115.41%
15 Year246.54%
Volatility
ATR(14)4.25
ATR(20)%1.66%
ATR Inc25.84%
Range Today5.89
ADR(20)4.1
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.29
Mansfield0.81
10 Day High263.6
10 Day Low243.71
20 Day High263.6
20 Day Low239.75
52 Week High263.6
52 Week Low198.07
CS1 End244.8
CR1 StartN/A
Volume & EV
DER(3)4.65%
DER(5)2.84%
Volume555.29K
Volume Incr-16.46%
Vol(5)578.24K
Vol(50)825.74K