The Greedy Trader Weekly Analysis
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Number of records: 8
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Cardinal Health, Inc.
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Summary:
Weekly :
Daily :
Move cursor over the icon to see details.

It was a second consecutive positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH climbed 0.43 points, or 0.82%, and closed at 52.62 on Friday, September 07, 2018. Weekly volume was -6% 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 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 47.11 and resistance is at 78.09. 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 July 19, 2018 at 48.14 and reached 52.95 on August 27, 2018. CAH gained -4.81 points, or -9.99%, in 5 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 48.47 and resistance is at 53.70. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending 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 above its signal line since August 17, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 August 27, 2018 at 52.95 and reached 50.79 on September 4, 2018. CAH lost 2.16 points, or 4.08%, in 8 days. The price is now at the 84.72% retracement level.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 20, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.69
Williams' Percentage Range (W%R) 20.60
Lane's Stochastic (%D-Slow) 59.74
Greed/Fear Indicator (GFI) 65.28
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.90
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 51.26
Greed/Fear Indicator (GFI) 39.88
Moving Average Converg./Diverg. (MACD) -3.70
Trading Signals
Description Value Chart
Upper Bollinger Band 53.84
Weekly Trendline Resistance 53.70
Price 52.62
Daily Stochastic Crossing 52.03
20 Day Moving Average 51.40
Parabolic System 51.27
Weekly Stochastic Crossing 50.92
50 Day Moving Average 50.42
Lower Bollinger Band 49.26
Weekly Trendline Support 48.47
Yearly Trendline Support 47.11
Sector and Industry
Description Name Rank
Sector Services 7
Industry Drugs Wholesale 29
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.95
High Date 08/27/2018
Low 50.79
Low Date 09/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 53.70
Support 48.47
Low 48.14
Low Date 07/19/2018
High 52.95
High Date 08/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.75
High Date 01/29/2018
Low 48.14
Low Date 07/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 78.09
Support 47.11
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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