The Greedy Trader Weekly Analysis
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Number of records: 2
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Cardinal Health, Inc. (CAH)

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Summary:
Weekly :Weekly  MACD line has moved above its signal lineTrend resistance at 47.97
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 1.13 points, or 2.40%, and closed at 48.23 on Friday, July 5, 2019. Weekly volume was -36% below average.

Long-term trend: [See CAH long-term trend chart]
A long-term downtrend had started on March 14, 2017 at 84.88 and reached 42.01 on June 3, 2019. CAH lost 42.87 points, or 50.51%, in 115 weeks. The price is now at the 14.51% retracement level.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term downtrend had started on February 19, 2019 at 56.88 and reached 42.01 on June 3, 2019. CAH lost 14.87 points, or 26.14%, in 14 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (47.97). 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 technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 3, 2019 at 42.01 and reached 48.90 on July 3, 2019. CAH gained -6.89 points, or -16.40%, in 30 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (45.09) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since June 10, 2019. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.27
Overbought
Williams' Percentage Range (W%R) 19.50
Overbought
Lane's Stochastic (%D-Slow) 86.50
Overbought
Greed/Fear Indicator (GFI) 84.09
Overbought
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.19
Williams' Percentage Range (W%R) 61.50
Lane's Stochastic (%D-Slow) 34.47
Greed/Fear Indicator (GFI) 41.37
Moving Average Converg./Diverg. (MACD) -1.61
Trading Signals
Description Value Chart
Upper Bollinger Band 48.79
Daily Stochastic Crossing 48.24
Price 48.23
Monthly Trendline Resistance 47.97
Weekly Trendline Resistance 47.47
Parabolic System 46.99
50 Day Moving Average 46.03
20 Day Moving Average 45.54
Weekly Stochastic Crossing 45.54
Weekly Trendline Support 45.09
Lower Bollinger Band 43.32
Monthly Trendline Support 38.89
Sector and Industry
Description Name Rank
Sector Services 4
Industry Drugs Wholesale 120
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.26
Low Date 06/24/2019
High 48.90
High Date 07/03/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 47.47
Support 45.09
Low 42.01
Low Date 06/03/2019
High 48.90
High Date 07/03/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 47.97
Support 38.89
High 56.88
High Date 02/19/2019
Low 42.01
Low Date 06/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.88
High Date 03/14/2017
Low 42.01
Low Date 06/03/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.91
High Date 04/27/2015
Low 42.01
Low Date 06/03/2019
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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