LABCORP HOLDINGS INC (LH) Technical Analysis
NYSE:LH • US5049221055
Current stock price
LH Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to LH. 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.
- In the last month LH has a been trading in the 257.80 - 279.71 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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 53% of all stocks.
- LH is an average performer in the Health Care Providers & Services industry, it outperforms 65% of 100 stocks in the same industry.
- LH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LH is lagging the market.
LH Weekly and Daily overview Charts
LH Setup Rating and Analysis
Although the technical rating is bad, LH does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 259.96, a Stop Loss order could be placed below this zone.
More info and screens
LH Support and Resistance Analysis
240.28
When analyzing the support we can see 4 important areas.
- A support zone ranging from 256.76 to 259.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @251.65 from a horizontal line in the weekly time frame.
- Support @246.63 from a horizontal line in the daily time frame.
- Support @242.71 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 266.66 to 272.89. 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 | NEUTRAL | NEUTRAL | The short term trend for LH is neutral. |
| ChartMill Relative Strength | 53.04 | 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) | DOWN | NEGATIVE | The current price of LH is below a declining 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) | 45.06 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests LH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.14 | NEUTRAL | The Stochastics value for LH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for LH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.73 | NEGATIVE | The low ADX value for LH suggests a weak or negative trend. |
LH Chart- and CandleStick Pattern Analysis
LH Technicals: Chart, Performance Metrics, Trend & Indicators
264.92
-7.7 (-2.82%)
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.
Can you provide the trend direction for LABCORP HOLDINGS INC?
The current trend direction for LABCORP HOLDINGS INC (LH) is Bearish.
What is the RSI signal for LABCORP HOLDINGS INC (LH) stock?
LABCORP HOLDINGS INC (LH) has an RSI value of 45.0573. This indicates that the stock is currently neutral.
What is the short term momentum for LH stock?
The short term momentum for LABCORP HOLDINGS INC (LH) is neutral.
Can you provide the support and resistance levels for LABCORP HOLDINGS INC?
LABCORP HOLDINGS INC (LH) has a support level at 259.96 and a resistance level at 266.66. Check the full technical report for our detailed analysis of LH support and resistance levels.