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 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LH is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
LH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 77% of 103 stocks in the same industry.
LH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, LH outperforms 59% of them, which is more or less in line with the market.
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.
Besides having an excellent technical rating, LH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 256.96, a Stop Loss order could be placed below this zone.
More info and screens
211.99
270.38
4 important support areas can be observed.
- A support zone ranging from 253.10 to 256.96. 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 247.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @224.36 from a trend line in the weekly time frame.
- A support zone ranging from 214.13 to 215.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 263.96 to 267.70. 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 | 59.19 | NEUTRAL | LH is not amongst the best or worst performers 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) | 54.44 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.27 | POSITIVE | The MACD value suggests LH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.23 | NEUTRAL | The Stochastics value for LH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for LH suggests some volalility. |
| Average Directional Index/ADX (14) | 32.08 | POSITIVE | The high ADX value value for LH suggests a strong 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 |
|---|---|---|---|
| 267.71 | 253.09 | 14.62 (5.46%) | 18.31% |
| An entry @267.71. This is a Buy Stop order right above the resistance zone. | An exit @253.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 14.62 points, which is 5.46%. | For a 1.00% total portfolio risk, you can invest 18.31% of your capital in this trade. |
- 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.
260.08
-3.83 (-1.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.45%
1 Week-2.84%
2 Weeks5.19%
1 Month0.03%
3 Month5.01%
6 Month4.12%
12 Month10.2%
2 Year21.57%
3 Year-0.8%
5 Year34.81%
10 Year104.32%
15 Year256.37%
Volatility
ATR(14)7.59
ATR(20)%2.57%
ATR Inc-25.83%
Range Today4.37
ADR(20)5.96
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.19
Mansfield0.07
10 Day High283.47
10 Day Low241.81
20 Day High283.47
20 Day Low241.81
52 Week High283.47
52 Week Low209.38
CS1 End256.96
CR1 Start263.96
Volume & EV
DER(3)0.52%
DER(5)-0.73%
Volume654.78K
Volume Incr-18.02%
Vol(5)727.41K
Vol(50)758.45K