The Greedy Trader Weekly Analysis
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Number of records: 7
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Cardinal Health, Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtTrend resistance at 71.84Trend resistance at 70.99
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 8.27 points, or 13.08%, and closed at 71.49 on Friday, January 12, 2018. Weekly volume was 66% 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 March 14, 2017 at 84.88 and reached 54.66 on November 20, 2017. CAH lost 30.22 points, or 35.60%, in 35 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (71.84). The resistance is usually stronger when technical indicators are overbought. 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 resistance line 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 71.52 on January 12, 2018. CAH gained -16.86 points, or -30.85%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (70.99). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 15, 2017. This is an indication that the medium-term trend is up. 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 29, 2017 at 61.26 and reached 71.52 on January 12, 2018. CAH gained -10.26 points, or -16.75%, in 14 days. Price is near the trend high.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 82.37
Overbought
Williams' Percentage Range (W%R) 18.60
Overbought
Lane's Stochastic (%D-Slow) 96.56
Strong Overbought
Greed/Fear Indicator (GFI) 86.77
Overbought
Moving Average Converg./Diverg. (MACD) 1.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.77
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 64.25
Greed/Fear Indicator (GFI) 69.34
Moving Average Converg./Diverg. (MACD) -3.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 71.84
Price 71.49
Daily Stochastic Crossing 71.34
Monthly Trendline Resistance 70.99
Upper Bollinger Band 69.88
Weekly Stochastic Crossing 66.76
Parabolic System 65.05
20 Day Moving Average 63.99
Monthly Trendline Support 63.47
50 Day Moving Average 60.93
Lower Bollinger Band 58.93
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drugs Wholesale 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 61.26
Low Date 12/29/2017
High 71.52
High Date 01/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.26
Low Date 12/29/2017
High 71.52
High Date 01/12/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 70.99
Support 63.47
Low 54.66
Low Date 11/20/2017
High 71.52
High Date 01/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 71.84
Support 50.49
High 84.88
High Date 03/14/2017
Low 54.66
Low Date 11/20/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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