LABCORP HOLDINGS INC (LH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:LH - US5049221055 - Common Stock
We assign a technical rating of 5 out of 10 to LH. In the past year, LH was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- LH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so LH is lagging the market slightly.
- In the last month LH has a been trading in the 245.00 - 271.61 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When compared to the yearly performance of all other stocks, LH outperforms 51% of them, which is more or less in line with the market.
- LH is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, LH did better than 57% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
LH has an average technical rating and it also 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
213.61
When analyzing the support we can see 5 important areas.
- Support @268.21 from a horizontal line in the daily time frame.
- A support zone ranging from 246.63 to 261.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @241.34 from a horizontal line in the daily time frame.
- Support @235.95 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.
- Resistance @290.94 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for LH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LH is up. |
| ChartMill Relative Strength | 51.2 | 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) | 65.37 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.2 | POSITIVE | The MACD value suggests LH has a positive trend. |
| Stochastics (14,3) | 98.08 | OVERBOUGHT | The high Stochastics value suggests LH may be overbought. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for LH suggests low volalility. |
| Average Directional Index/ADX (14) | 19.1 | NEGATIVE | The low ADX value for LH suggests a weak or negative trend. |
270.87
+1.98 (+0.74%)
LABCORP HOLDINGS INC / LH FAQ
What is the ChartMill technical rating of LABCORP HOLDINGS INC (LH) stock?
ChartMill assigns a technical rating of 5 / 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 65.3743. 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 2.19869, indicating a bullish trend.
What are the support and resistance levels for LABCORP HOLDINGS INC (LH) stock?
LABCORP HOLDINGS INC (LH) has a support level at 268.21 and a resistance level at 290.94. Check the full technical report for our detailed analysis of LH support and resistance levels.