LABCORP HOLDINGS INC (LH) Stock Technical Analysis
NYSE:LH - US5049221055 - Common Stock
276.11 USD
-2.07 (-0.74%)
276.11 USD
0 (0%)
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.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, LH did better than 76% of all other stocks. On top of that, LH also shows a nice and consistent pattern of rising prices.
LH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 79% of 101 stocks in the same industry.
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 256.69 - 280.28 range, which is quite wide. It is currently trading near the high of this range.
Although LH has an excellent technical rating, the quality of the presented setup is not ideal 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
213.61
280.97
5 important support areas can be observed.
- A support zone ranging from 273.87 to 275.58. 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 255.47 to 256.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 241.34 to 243.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @226.29 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 one important area.
- A resistance zone ranging from 278.19 to 278.19. 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 | 76.74 | POSITIVE | LH has a high relative strength, it outperformed 76.74% 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) | 64.11 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests LH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.35 | OVERBOUGHT | The high Stochastics value suggests LH may be overbought. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for LH suggests low volalility. |
| Average Directional Index/ADX (14) | 47.01 | 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)
276.11
-2.07 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.74%
1 Week2.08%
2 Weeks3.15%
1 Month5.43%
3 Month10.9%
6 Month9.99%
12 Month20.11%
2 Year32.68%
3 Year22.57%
5 Year57.1%
10 Year134.37%
15 Year280.21%
Volatility
ATR(14)4.02
ATR(20)%1.54%
ATR Inc-25.47%
Range Today2.31
ADR(20)4.13
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.74
Mansfield0.5
10 Day High280.28
10 Day Low267.17
20 Day High280.28
20 Day Low256.69
52 Week High283.47
52 Week Low209.38
CS1 End275.58
CR1 Start278.19
Volume & EV
DER(3)-3.09%
DER(5)-2.15%
Volume316.35K
Volume Incr-25.07%
Vol(5)544.65K
Vol(50)716.38K