Laboratory Stock Technical Analysis

LH Stock  USD 209.54  0.33  0.16%   
As of the 19th of March, Laboratory secures the Standard Deviation of 1.21, mean deviation of 0.9466, and Risk Adjusted Performance of (0.02). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Laboratory, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyze and collected data for thirteen technical drivers for Laboratory, which can be compared to its peers in the industry. Please verify Laboratory market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Laboratory is priced some-what accurately, providing market reflects its recent price of 209.54 per share. Given that Laboratory has information ratio of (0.16), we recommend you to check Laboratory's last-minute market performance to make sure the company can sustain itself at a future point.

Laboratory Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Laboratory, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Laboratory
  
Laboratory's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Laboratory Analyst Consensus

Target PriceAdvice# of Analysts
244.08Strong Buy17Odds
Laboratory current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Laboratory analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Laboratory stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Laboratory, talking to its executives and customers, or listening to Laboratory conference calls.
Laboratory Analyst Advice Details
Laboratory technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Laboratory technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Laboratory trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Laboratory Technical Analysis

Indicator
Time Period
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Laboratory volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Laboratory Trend Analysis

Use this graph to draw trend lines for Laboratory. You can use it to identify possible trend reversals for Laboratory as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Laboratory price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Laboratory Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Laboratory applied against its price change over selected period. The best fit line has a slop of   0.21  , which may indicate that the price for Laboratory will continue to decline. It has 122 observation points and a regression sum of squares at 1590.98, which is the sum of squared deviations for the predicted Laboratory price change compared to its average price change.

About Laboratory Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Laboratory on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Laboratory based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Laboratory price pattern first instead of the macroeconomic environment surrounding Laboratory. By analyzing Laboratory's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Laboratory's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Laboratory specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2022 2023 2024 (projected)
Price Earnings Ratio15.4247.6350.01
Short Term Coverage Ratios3.971.131.08

Laboratory March 19, 2024 Technical Indicators

Most technical analysis of Laboratory help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Laboratory from various momentum indicators to cycle indicators. When you analyze Laboratory charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Laboratory March 19, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Laboratory stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Laboratory offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Laboratory's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Laboratory Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Laboratory Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laboratory. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
For more detail on how to invest in Laboratory Stock please use our How to Invest in Laboratory guide.
Note that the Laboratory information on this page should be used as a complementary analysis to other Laboratory's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Laboratory Stock analysis

When running Laboratory's price analysis, check to measure Laboratory's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Laboratory is operating at the current time. Most of Laboratory's value examination focuses on studying past and present price action to predict the probability of Laboratory's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laboratory's price. Additionally, you may evaluate how the addition of Laboratory to your portfolios can decrease your overall portfolio volatility.
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Is Laboratory's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Laboratory. If investors know Laboratory will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Laboratory listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Dividend Share
2.88
Earnings Share
4.33
Revenue Per Share
139.628
Quarterly Revenue Growth
0.035
The market value of Laboratory is measured differently than its book value, which is the value of Laboratory that is recorded on the company's balance sheet. Investors also form their own opinion of Laboratory's value that differs from its market value or its book value, called intrinsic value, which is Laboratory's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Laboratory's market value can be influenced by many factors that don't directly affect Laboratory's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Laboratory's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laboratory is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laboratory's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.