The Greedy Trader Weekly Analysis
Sign In Apr 20, 2018
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Number of records: 5
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Cardinal Health, Inc.
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Summary:
Weekly :Broken trend support line
Daily :The price has fallen below the Parabolic SARRelative Strength Index bullish divergenceDaily  MACD line has moved above its signal line
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It was the negative week for the Cardinal Health, Inc. (CAH). During the week, the CAH dropped -1.97 points, or -3.16%, and closed at 60.42 on Friday, April 13, 2018. Weekly volume was 7% 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 54.66 on November 20, 2017. CAH lost 37.25 points, or 40.53%, in 134 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 50.74 and resistance is at 79.91. 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 November 20, 2017 at 54.66 and reached 75.75 on January 29, 2018. CAH gained -21.09 points, or -38.58%, in 10 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (69.25) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

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

The weekly MACD line is below its signal line since March 29, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 March 13, 2018 at 73.23 and reached 59.66 on April 13, 2018. CAH lost 13.57 points, or 18.53%, in 31 days. The price is now at the 5.60% retracement level.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.57
Bullish
Williams' Percentage Range (W%R) 77.60
Lane's Stochastic (%D-Slow) 58.32
Greed/Fear Indicator (GFI) 42.10
Moving Average Converg./Diverg. (MACD) -1.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.31
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 30.14
Greed/Fear Indicator (GFI) 35.72
Moving Average Converg./Diverg. (MACD) -0.31
Trading Signals
Description Value Chart
Monthly Trendline Resistance 71.38
Upper Bollinger Band 69.33
Monthly Trendline Support 69.25
50 Day Moving Average 66.71
Parabolic System 64.92
20 Day Moving Average 63.56
Daily Stochastic Crossing 62.71
Weekly Stochastic Crossing 62.41
Price 60.42
Lower Bollinger Band 58.61
Yearly Trendline Support 50.74
Sector and Industry
Description Name Rank
Sector Services 5
Industry Drugs Wholesale 44
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 73.23
High Date 03/13/2018
Low 59.66
Low Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.75
High Date 01/29/2018
Low 59.66
Low Date 04/13/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 71.38
Support 69.25
Low 54.66
Low Date 11/20/2017
High 75.75
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.88
High Date 03/14/2017
Low 54.66
Low Date 11/20/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 79.91
Support 50.74
High 91.91
High Date 04/27/2015
Low 54.66
Low Date 11/20/2017
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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