Is Labcorp Holdings, Inc. technically bullish or bearish?
As of October 1, 2023, Labcorp Holdings, Inc. shows a bullish overall technical stance with strong MACD signals and positive performance, despite some caution from Dow Theory on the monthly timeframe.
As of 1 October 2023, the technical stance for Labcorp Holdings, Inc. is bullish overall, with a strong bullish signal from the MACD on both weekly and monthly time frames. The daily moving averages also indicate bullish momentum. Additionally, the Bollinger Bands and OBV show mildly bullish trends on both weekly and monthly periods. However, Dow Theory suggests a mildly bearish stance on the monthly timeframe, indicating some caution. In terms of performance, Labcorp has outperformed the S&P 500 year-to-date with a return of 20.86% compared to the S&P 500's 12.22%, and over the past year, it has also outperformed with a return of 21.97% versus 17.14%. Overall, the bullish indicators suggest a positive outlook despite some mixed signals in the longer-term trends.
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