The Greedy Trader Weekly Analysis
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Number of records: 6
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Cardinal Health, Inc.
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Summary:
Weekly :Overbought sector
Daily :Stochastic has raised above the signal lineThe price has risen above the Parabolic SARBearish Dark Cloud Cover Candlestick
Move cursor over the icon to see details.

It was a first positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 1.52 points, or 3.04%, and closed at 51.44 on Friday, November 02, 2018. CAH was trading at average weekly trading volume.

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 48.14 on July 19, 2018. CAH lost 43.77 points, or 47.62%, in 168 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 45.53 and resistance is at 77.42. 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 March 14, 2017 at 84.88 and reached 48.14 on July 19, 2018. CAH lost 36.74 points, or 43.28%, in 70 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 44.80 and resistance is at 68.11. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 above its signal line since August 17, 2018. The distance between MACD and the signal line is low and getting smaller. 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 October 10, 2018 at 55.63 and reached 48.91 on October 25, 2018. CAH lost 6.72 points, or 12.08%, in 15 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 48.23 and resistance is at 52.32. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 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.

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.

Candlestick pattern: [See CAH candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.67
Williams' Percentage Range (W%R) 40.50
Lane's Stochastic (%D-Slow) 48.11
Greed/Fear Indicator (GFI) 52.43
Moving Average Converg./Diverg. (MACD) -0.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.23
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 50.93
Greed/Fear Indicator (GFI) 55.83
Moving Average Converg./Diverg. (MACD) -2.21
Trading Signals
Description Value Chart
Upper Bollinger Band 54.76
50 Day Moving Average 52.68
Weekly Trendline Resistance 52.32
20 Day Moving Average 52.05
Weekly Stochastic Crossing 51.89
Price 51.44
Daily Stochastic Crossing 51.19
Parabolic System 49.03
Lower Bollinger Band 49.03
Weekly Trendline Support 48.23
Yearly Trendline Support 45.53
Quarterly Trendline Support 44.80
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drugs Wholesale 136
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.91
Low Date 10/25/2018
High 53.12
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 52.32
Support 48.23
High 55.63
High Date 10/10/2018
Low 48.91
Low Date 10/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.14
Low Date 07/19/2018
High 55.63
High Date 10/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 68.11
Support 44.80
High 84.88
High Date 03/14/2017
Low 48.14
Low Date 07/19/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 77.42
Support 45.53
High 91.91
High Date 04/27/2015
Low 48.14
Low Date 07/19/2018
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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