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Advanced TA SearchArchive
- 4/26/2024 -
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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 -3.08 points, or -1.53%, and closed at 198.40 on Friday, April 26, 2024. Weekly volume was 49% above average.
LH is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See LH long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 317.17 and reached 195.01 on October 30, 2023. LH lost 122.16 points, or 38.52%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (192.52) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.
 Medium-term trend: [See LH medium-term trend chart]
A medium-term downtrend had started on January 2, 2024 at 234.09 and reached 196.11 on April 25, 2024. LH lost 37.98 points, or 16.22%, in 16 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (197.30) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See LH weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 weekly MACD line is below its signal line since March 8, 2024. This is an indication that the medium-term trend is down. 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 April 23, 2024 at 210.63 and reached 196.11 on April 25, 2024. LH lost 14.52 points, or 6.89%, in 2 days. The price is now at the 15.77% retracement level.
Daily Technical Indicators: [See LH daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since April 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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