LABCORP HOLDINGS INC (LH) Stock Technical Analysis
NYSE:LH • US5049221055
Overall LH gets a technical rating of 7 out of 10. LH has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- 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 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 61% of all stocks.
- LH is an average performer in the Health Care Providers & Services industry, it outperforms 65% of 101 stocks in the same industry.
- In the last month LH has a been trading in the 260.57 - 292.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, LH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 285.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 275.92, a Stop Loss order could be placed below this zone.
More info and screens
213.61
We found 5 important support areas.
- A support zone ranging from 265.28 to 275.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 258.06 to 258.19. 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 @238.36 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.
- A resistance zone ranging from 285.95 to 290.94. 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 | 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 | 61.09 | 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) | 59.21 | NEUTRAL | The RSI value for LH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests LH has a negative trend. |
| Stochastics (14,3) | 65.92 | NEUTRAL | The Stochastics value for LH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for LH suggests some volalility. |
| Average Directional Index/ADX (14) | 26.61 | 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 | 260.56 | 30.39 (10.45%) | 9.57% |
| An entry @290.95. This is a Buy Stop order right above the resistance zone. | An exit @260.56. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 30.39 points, which is 10.45%. | When investing 9.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
282.67
+0.19 (+0.07%)
LABCORP HOLDINGS INC / LH FAQ
What is the ChartMill technical rating of LABCORP HOLDINGS INC (LH) stock?
ChartMill assigns a technical rating of 7 / 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 59.2089. 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 -0.00527686, 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 275.92 and a resistance level at 285.95. Check the full technical report for our detailed analysis of LH support and resistance levels.