In its latest trading session, Laboratory Corporation of America Holdings (NYSE:LH) dropped by -1.3% – here is what that looked like (as of 2019-12-04):
What’s the reason for these moves? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.051, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 2.0, an Accumulation/Distribution Index (ADI) of 2.0, an On-Balance Volume (OBV) of 2555.638, and a Chaiikin Money Flow (CMF) of 172.6. 13.406
So what do these technical indicators mean? Let’s see. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Laboratory Corporation of America Holdings (NYSE:LH). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.