|
Archive - 4/5/2024 - Sign In to see current Signals. |
LABORATORY CP (LH) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the LABORATORY CP (LH). During the week, the LH dropped -7.20 points, or -3.30%, and closed at 211.26 on Friday, April 5, 2024. Weekly volume was -19% below average. 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 (192.82) 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 206.37 on March 15, 2024. LH lost 27.72 points, or 11.84%, in 10 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 203.39 and resistance is at 215.57. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 March 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 March 15, 2024 at 206.37 and reached 218.67 on March 28, 2024. LH gained -12.30 points, or -5.96%, in 13 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (211.97) 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 short-term trend. Daily Technical Indicators: [See LH daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since March 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. 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.
| |
|
|