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Uptrend ExhaustionArchive
- 5/10/2024 -
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LABORATORY CP (LH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the LABORATORY CP (LH). During the week, the LH gained 6.35 points, or 3.15%, and closed at 207.67 on Friday, May 10, 2024. Weekly volume was -9% 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 (192.31) 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 downtrend resistance line (193.59) 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 medium-term trend.
 Weekly Technical Indicators: [See LH weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic 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 uptrend had started on April 25, 2024 at 196.11 and reached 207.80 on May 10, 2024. LH gained -11.69 points, or -5.96%, in 15 days. Price is near the trend high.
 Daily Technical Indicators: [See LH daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 26, 2024. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.
Price is close to the 50 Day Moving Average. 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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