LABCORP HOLDINGS INC. - Daily - Technical analysis published on 09/25/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 166.22 USD
My targets
178.11 USD (+4.51%)
189.41 USD (+11.14%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on LABORATORY CORP.. As long as you are above the support located at 166.22 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 178.11 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 189.41 USD as an objective. If the support 166.22 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LABORATORY CORP. rating 170.43 USD. The price registered a decrease of -0.96% on the session and was between 169.47 USD and 173.67 USD. This implies that the price is at +0.57% from its lowest and at -1.87% from its highest.169.47
173.67
170.43
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of LABORATORY CORP. indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 150.39 | 160.75 | 166.22 | 170.43 | 178.11 | 189.41 |
| Change (%) | -11.76% | -5.68% | -2.47% | - | +4.51% | +11.14% |
| Change | -20.04 | -9.68 | -4.21 | - | +7.68 | +18.98 |
| Level | Minor | Major | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 168.81 | 169.56 | 170.82 | 171.57 | 172.83 | 173.58 | 174.84 |
| Camarilla | 171.53 | 171.71 | 171.90 | 172.08 | 172.26 | 172.45 | 172.63 |
| Woodie | 169.07 | 169.69 | 171.08 | 171.70 | 173.09 | 173.71 | 175.10 |
| Fibonacci | 169.56 | 170.33 | 170.80 | 171.57 | 172.34 | 172.81 | 173.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 167.19 | 168.74 | 170.71 | 172.26 | 174.23 | 175.78 | 177.75 |
| Camarilla | 171.72 | 172.05 | 172.37 | 172.69 | 173.01 | 173.34 | 173.66 |
| Woodie | 167.41 | 168.85 | 170.93 | 172.37 | 174.45 | 175.89 | 177.97 |
| Fibonacci | 168.74 | 170.08 | 170.91 | 172.26 | 173.60 | 174.43 | 175.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.14 | 151.49 | 159.53 | 164.88 | 172.92 | 178.27 | 186.31 |
| Camarilla | 163.88 | 165.11 | 166.33 | 167.56 | 168.79 | 170.02 | 171.24 |
| Woodie | 147.48 | 152.16 | 160.87 | 165.55 | 174.26 | 178.94 | 187.65 |
| Fibonacci | 151.49 | 156.61 | 159.77 | 164.88 | 170.00 | 173.16 | 178.27 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.53 | |
| MACD (12,26,9): | 1.0600 | |
| Directional Movement: | 11.14 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 172.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 174.44 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 163.99 | |
| Zig ZAG (10): | 170.43 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 50.14 | |
| TEMA (21): | 172.79 | |
| Williams %R (14): | -78.03 | |
| Chande Momentum Oscillator (20): | -2.50 | |
| Repulse (5,40,3): | -1.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 4.30 |
| MA7: | 171.67 | |
| MA20: | 170.52 | |
| MA50: | 168.95 | |
| MA100: | 168.56 | |
| MAexp7: | 171.58 | |
| MAexp20: | 170.72 | |
| MAexp50: | 169.31 | |
| MAexp100: | 166.80 | |
| Price / MA7: | -0.72% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +0.88% | |
| Price / MA100: | +1.11% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +2.18% |
News
The last news published on LABORATORY CORP. at the time of the generation of this analysis was as follows:
- Investor Network: Laboratory Corporation of America Holdings to Host Earnings Call
- Hitachi's Cutting-Edge Technologies to Be Available for Prototyping with Customers in a New Open-Laboratory
- Living Laboratory at Northern Michigan University Allows Students to Learn Construction Management Outside of the Classroom
- PositiveID’s Caregiver Non-Contact Thermometer Exceeds Industry Laboratory Standards and Shows High Level of Agreement in Pediatric Study
- Exalenz Bioscience Receives FDA Marketing Clearance for its Laboratory System in the United States
This member declared not having a position on this financial instrument or a related financial instrument.
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