The Greedy Trader Weekly Analysis
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Cardinal Health, Inc.
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Summary:
Weekly :
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 3 consecutive negative weeks for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 2.67 points, or 5.94%, and closed at 47.59 on Friday, January 11, 2019. It was the best weekly gain since November 9, 2018. Weekly volume was -19% below 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 43.89 and resistance is at 71.89. 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 downtrend had started on November 14, 2018 at 58.31 and reached 42.17 on December 26, 2018. CAH lost 16.14 points, or 27.68%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 36.89 and resistance is at 52.64. 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 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 December 21, 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 uptrend had started on December 26, 2018 at 42.17 and reached 48.04 on January 10, 2019. CAH gained -5.87 points, or -13.92%, in 15 days. The price is now at the 7.67% retracement level.

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

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 moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.94
Williams' Percentage Range (W%R) 55.40
Lane's Stochastic (%D-Slow) 88.64
Overbought
Greed/Fear Indicator (GFI) 65.40
Moving Average Converg./Diverg. (MACD) -1.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.87
Williams' Percentage Range (W%R) 67.90
Lane's Stochastic (%D-Slow) 23.08
Greed/Fear Indicator (GFI) 33.78
Moving Average Converg./Diverg. (MACD) -1.48
Trading Signals
Description Value Chart
Monthly Trendline Resistance 52.64
Upper Bollinger Band 51.54
50 Day Moving Average 50.96
Daily Stochastic Crossing 47.59
Price 47.59
20 Day Moving Average 46.14
Weekly Stochastic Crossing 44.72
Parabolic System 44.36
Yearly Trendline Support 43.89
Lower Bollinger Band 42.90
Sector and Industry
Description Name Rank
Sector Services 4
Industry Drugs Wholesale 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.82
Low Date 01/03/2019
High 48.04
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.17
Low Date 12/26/2018
High 48.04
High Date 01/10/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 52.64
Support 36.89
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 71.89
Support 43.89
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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