LABCORP HOLDINGS INC (LH) Stock Technical Analysis
NYSE:LH - New York Stock Exchange, Inc. - US5049221055 - Common Stock - Currency: USD
Overall LH gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, LH is only an average performer.
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.
In the last month LH has a been trading in the 240.42 - 258.59 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that LH is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
LH is part of the Health Care Providers & Services industry. There are 108 other stocks in this industry, LH did better than 65% of them.
Besides having an excellent technical rating, LH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 249.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 247.31, a Stop Loss order could be placed below this zone.
More info and screens
196.97
254.07
We found 6 important support areas.
- A support zone ranging from 238.64 to 247.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 232.23 to 234.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 226.30 to 227.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 215.76 to 216.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @207.09 from a horizontal line in the daily time frame.
- Support @198.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 249.86 to 251.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.53
Mansfield0.51
10 Day High250.81
10 Day Low240.42
20 Day High258.59
20 Day Low240.42
52 Week High258.59
52 Week Low191.97
Performance
1 Week2.03%
2 Weeks0.85%
1 Month2.26%
3 Month4.25%
6 Month8.21%
12 Month14%
2 Year4.38%
3 Year-7.89%
5 Year42.21%
10 Year103.08%
15 Year240.81%
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)
Technical Indicators
MACD(12,26,9)-0.2
RSI(14)61.18
LBB242.27
UBB251.22
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 |
|---|---|---|---|
| 251.56 | 240.41 | 11.15 (4.43%) | 22.56% |
| An entry @251.56. This is a Buy Stop order right above the resistance zone. | An exit @240.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.15 points, which is 4.43%. | For a 1.00% total portfolio risk, you can invest 22.56% 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.
249.85
+0.68 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.27%
1 Week2.03%
2 Weeks0.85%
1 Month2.26%
3 Month4.25%
6 Month8.21%
12 Month14%
2 Year4.38%
3 Year-7.89%
5 Year42.21%
10 Year103.08%
15 Year240.81%
Volatility
ATR(14)4.53
ATR(20)%1.93%
ATR Inc-44.91%
Range Today2.82
ADR(20)4.66
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.53
Mansfield0.51
10 Day High250.81
10 Day Low240.42
20 Day High258.59
20 Day Low240.42
52 Week High258.59
52 Week Low191.97
CS1 End247.31
CR1 Start249.86
Volume & EV
DER(3)-0.08%
DER(5)-0.81%
Volume410.90K
Volume Incr-19.76%
Vol(5)503.00K
Vol(50)559.39K