LABCORP HOLDINGS INC (LH) Technical Analysis
NYSE:LH • US5049221055
Current stock price
LH Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to LH. LH has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- LH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so LH is performing more or less in line with the market.
- In the last month LH has a been trading in the 260.87 - 276.58 range, which is quite wide. It is currently trading near the high of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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 67% of all stocks.
- LH is an average performer in the Health Care Providers & Services industry, it outperforms 68% of 100 stocks in the same industry.
LH Weekly and Daily overview Charts
LH Setup Rating and Analysis
Although the technical rating is only medium, LH does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 273.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 269.80, a Stop Loss order could be placed below this zone.
More info and screens
LH Support and Resistance Analysis
244.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 263.80 to 269.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 251.65 to 258.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @246.63 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 273.78 to 273.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 67.97 | NEUTRAL | LH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of LH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of LH is below 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) | 54.95 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.93 | POSITIVE | The MACD value suggests LH has a positive trend. |
| Stochastics (14,3) | 75.08 | NEUTRAL | The Stochastics value for LH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for LH suggests some volalility. |
| Average Directional Index/ADX (14) | 18.48 | 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
273.72
+0.98 (+0.36%)
LABCORP HOLDINGS INC / LH TA FAQ
What is the ChartMill technical rating of LABCORP HOLDINGS INC (LH) stock?
ChartMill assigns a technical rating of 4 / 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 54.9495. 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 269.8 and a resistance level at 273.78. Check the full technical report for our detailed analysis of LH support and resistance levels.