LABCORP HOLDINGS INC (LH) Stock Technical Analysis
NYSE:LH • US5049221055
We assign a technical rating of 8 out of 10 to LH. Although LH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- 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.
- When compared to the yearly performance of all other stocks, LH outperforms 66% of them, which is more or less in line with the market.
- LH is an average performer in the Health Care Providers & Services industry, it outperforms 66% of 102 stocks in the same industry.
- In the last month LH has a been trading in the 264.80 - 292.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
LH has an excellent technical rating, but the quality of the setup is only medium 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
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6 important support areas can be observed.
- A support zone ranging from 273.78 to 278.32. 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 263.78 to 267.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 257.26 to 258.06. 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 @237.88 from a trend line in the weekly time frame.
- Support @215.77 from a horizontal line in the weekly time frame.
We found 1 important resistance 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 | 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 | 66.18 | 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) | 60.71 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests LH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.34 | NEUTRAL | The Stochastics value for LH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for LH suggests some volalility. |
| Average Directional Index/ADX (14) | 34.46 | POSITIVE | The high ADX value value for LH suggests a strong trend. |
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 |
|---|---|---|---|
| 290.95 | 273.77 | 17.18 (5.90%) | 16.94% |
| An entry @290.95. This is a Buy Stop order right above the resistance zone. | An exit @273.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 17.18 points, which is 5.90%. | For a 1.00% total portfolio risk, you can invest 16.94% 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.
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+4.52 (+1.63%)
LABCORP HOLDINGS INC / LH FAQ
What is the ChartMill technical rating of LABCORP HOLDINGS INC (LH) stock?
ChartMill assigns a technical rating of 8 / 10 to LH.
What is the trend direction for LH stock?
The current trend direction for LABCORP HOLDINGS INC (LH) is Bullish.
What is the RSI signal for LH stock?
LABCORP HOLDINGS INC (LH) has an RSI value of 60.7056. 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 0.82977, 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 278.32 and a resistance level at 290.94. Check the full technical report for our detailed analysis of LH support and resistance levels.