The Greedy Trader Weekly Analysis
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Number of records: 3
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Cardinal Health, Inc.
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Summary:
Weekly :
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice is close to the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 2.57 points, or 5.39%, and closed at 50.27 on Friday, March 15, 2019. Weekly volume was 20% above average.

Long-term trend: [See CAH long-term trend chart]
A long-term downtrend had started on April 27, 2015 at 91.91 and reached 42.17 on December 26, 2018. CAH lost 49.74 points, or 54.12%, in 191 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 42.34 and resistance is at 70.89. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 42.17 and reached 56.88 on February 19, 2019. CAH gained -14.71 points, or -34.88%, in 7 weeks. The price is now at the 44.94% retracement level.

Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CAH short-term trend chart]
A short-term downtrend had started on February 19, 2019 at 56.88 and reached 47.04 on March 8, 2019. CAH lost 9.84 points, or 17.30%, in 17 days. The price is now at the 32.83% retracement level.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since February 25, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.61
Williams' Percentage Range (W%R) 61.70
Lane's Stochastic (%D-Slow) 48.07
Greed/Fear Indicator (GFI) 39.66
Moving Average Converg./Diverg. (MACD) -0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.11
Williams' Percentage Range (W%R) 46.50
Lane's Stochastic (%D-Slow) 67.81
Greed/Fear Indicator (GFI) 58.00
Moving Average Converg./Diverg. (MACD) -1.05
Trading Signals
Description Value Chart
Upper Bollinger Band 56.73
Weekly Stochastic Crossing 53.18
20 Day Moving Average 52.06
50 Day Moving Average 50.46
Price 50.27
Daily Stochastic Crossing 49.23
Parabolic System 47.15
Lower Bollinger Band 45.18
Yearly Trendline Support 42.34
Sector and Industry
Description Name Rank
Sector Services 3
Industry Drugs Wholesale 30
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 56.88
High Date 02/19/2019
Low 47.04
Low Date 03/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.17
Low Date 12/26/2018
High 56.88
High Date 02/19/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.31
High Date 11/14/2018
Low 42.17
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.88
High Date 03/14/2017
Low 42.17
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 70.89
Support 42.34
High 91.91
High Date 04/27/2015
Low 42.17
Low Date 12/26/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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