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Archive
- 5/23/2025 -
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LABORATORY CP (LH) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the LABORATORY CP (LH). During the week, the LH dropped -6.99 points, or -2.80%, and closed at 242.53 on Friday, May 23, 2025. It was the worst weekly loss since March 14, 2025. Weekly volume was 10% above average.
 Long-term trend: [See LH long-term trend chart]
A long-term uptrend had started on May 31, 2024 at 191.97 and reached 258.60 on January 30, 2025. LH gained -66.63 points, or -34.71%, in 34 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See LH medium-term trend chart]
A medium-term uptrend had started on April 21, 2025 at 209.38 and reached 252.68 on May 8, 2025. LH gained -43.30 points, or -20.68%, in 2 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 237.27 and resistance is at 251.20. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See LH weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See LH short-term trend chart]
A short-term downtrend had started on May 8, 2025 at 252.68 and reached 239.67 on May 15, 2025. LH lost 13.01 points, or 5.15%, in 7 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See LH daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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