The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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Cardinal Health, Inc.
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Summary:
Weekly :Overbought sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineTrend support at 48.67
Daily :Lane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 1.11 points, or 2.27%, and closed at 49.94 on Friday, July 06, 2018. Weekly volume was 20% above average.

CAH is a member of Services Sector. Services is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CAH long-term trend chart]
A long-term downtrend had started on April 27, 2015 at 91.91 and reached 48.28 on June 28, 2018. CAH lost 43.63 points, or 47.47%, in 165 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (48.67) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 75.75 and reached 48.28 on June 28, 2018. CAH lost 27.47 points, or 36.26%, in 21 weeks. The price is now at the 6.04% retracement level.

Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 29, 2018. This is an indication that the medium-term trend is down. 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 June 15, 2018 at 55.08 and reached 48.28 on June 28, 2018. CAH lost 6.80 points, or 12.35%, in 13 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since June 27, 2018. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.33
Williams' Percentage Range (W%R) 73.20
Lane's Stochastic (%D-Slow) 19.85
Oversold
Greed/Fear Indicator (GFI) 24.65
Moving Average Converg./Diverg. (MACD) -1.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.78
Williams' Percentage Range (W%R) 92.70
Strong Oversold
Lane's Stochastic (%D-Slow) 15.66
Oversold
Greed/Fear Indicator (GFI) 20.13
Moving Average Converg./Diverg. (MACD) -3.10 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 55.90
50 Day Moving Average 54.01
20 Day Moving Average 52.53
Parabolic System 52.36
Price 49.94
Weekly Stochastic Crossing 49.52
Daily Stochastic Crossing 49.51
Yearly Trendline Support 48.67
Lower Bollinger Band 48.03
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drugs Wholesale 22
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 55.08
High Date 06/15/2018
Low 48.28
Low Date 06/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.93
High Date 05/10/2018
Low 48.28
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.75
High Date 01/29/2018
Low 48.28
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.88
High Date 03/14/2017
Low 48.28
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 78.84
Support 48.67
High 91.91
High Date 04/27/2015
Low 48.28
Low Date 06/28/2018
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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