LABCORP HOLDINGS INC (LH) Technical Analysis
NYSE:LH • US5049221055
Current stock price
LH Technical Rating and Analysis
Overall LH gets a technical rating of 2 out of 10. LH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- LH 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, LH turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- LH is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, LH did better than 66% of them.
- LH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so LH is lagging the market slightly.
LH Weekly and Daily overview Charts
LH Setup Rating and Analysis
Although the technical rating is bad, LH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 261.93, a Stop Loss order could be placed below this zone.
More info and screens
LH Support and Resistance Analysis
213.61
4 important support areas can be observed.
- A support zone ranging from 258.06 to 261.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 246.63 to 252.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @240.30 from a trend line in the weekly time frame.
- Support @215.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 264.16 to 275.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 285.94 to 290.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
LH 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 | NEUTRAL | NEUTRAL | The long term trend for LH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LH is down. |
| ChartMill Relative Strength | 69.61 | NEUTRAL | LH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of LH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.66 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.71 | NEGATIVE | The MACD value suggests LH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.41 | OVERSOLD | The low Stochastics value suggests LH may be oversold. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for LH suggests some volalility. |
| Average Directional Index/ADX (14) | 25.03 | POSITIVE | The high ADX value value for LH suggests a strong trend. |
LH Chart- and CandleStick Pattern Analysis
LH Technicals: Chart, Performance Metrics, Trend & Indicators
264.09
-1.75 (-0.66%)
LABCORP HOLDINGS INC / LH TA FAQ
What is the ChartMill technical rating of LABCORP HOLDINGS INC (LH) stock?
ChartMill assigns a technical rating of 2 / 10 to LH.
What is the trend direction for LH stock?
The current trend direction for LABCORP HOLDINGS INC (LH) is Bearish.
What is the RSI signal for LH stock?
LABCORP HOLDINGS INC (LH) has an RSI value of 40.661. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LABCORP HOLDINGS INC?
The MACD indicator for LABCORP HOLDINGS INC (LH) has a value of -1.71112, indicating a bearish trend.
What are the support and resistance levels for LABCORP HOLDINGS INC (LH) stock?
LABCORP HOLDINGS INC (LH) has a support level at 261.93 and a resistance level at 264.16. Check the full technical report for our detailed analysis of LH support and resistance levels.