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Advanced TA SearchArchive
- 4/19/2024 -
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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 -4.25 points, or -2.07%, and closed at 201.48 on Friday, April 19, 2024. LH was trading at average weekly trading volume.
 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 (192.62) 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 198.06 on April 18, 2024. LH lost 36.03 points, or 15.39%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (200.45) 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 March 28, 2024 at 218.67 and reached 198.06 on April 18, 2024. LH lost 20.61 points, or 9.43%, in 21 days. The price is now at the 16.59% retracement level.
 Daily Technical Indicators: [See LH daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since April 5, 2024. This is an indication that the short-term trend is down.
 Candlestick pattern: [See LH candlestick chart pattern]
On Friday the chart has formed a Bullish Ladder Bottom Candlestick pattern. A Bullish Ladder Bottom pattern occurs in a downtrend, it may signal a trend reversal. The reliability of the Bullish Ladder Bottom pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Ladder Bottom Candlestick pattern during the last week.
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