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Archive
- 1/17/2025 -
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LABORATORY CP (LH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the LABORATORY CP (LH). During the week, the LH gained 6.60 points, or 2.84%, and closed at 238.60 on Friday, January 17, 2025. It was the best weekly gain since November 8, 2024. LH was trading at average weekly trading volume.
 Long-term trend: [See LH long-term trend chart]
A long-term uptrend had started on May 31, 2024 at 191.97 and reached 248.00 on November 11, 2024. LH gained -56.03 points, or -29.19%, in 23 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 226.25 and resistance is at 254.13. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See LH medium-term trend chart]
A medium-term downtrend had started on November 11, 2024 at 248.00 and reached 225.20 on December 19, 2024. LH lost 22.80 points, or 9.19%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (220.06) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. LH may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See LH weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 27, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See LH short-term trend chart]
A short-term uptrend had started on December 19, 2024 at 225.20 and reached 242.70 on January 17, 2025. LH gained -17.50 points, or -7.77%, in 29 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See LH daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since January 3, 2025. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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