The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Weekly Price vs. Fibonacci:Near 61.8% retracement level
Number of records: 3
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 3/15/2024 -
Sign In to see current Signals.

Cardinal Health, Inc. (CAH) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Cardinal Health, Inc. (CAH). During the week, the CAH dropped -4.56 points, or -3.96%, and closed at 110.61 on Friday, March 15, 2024. It was the worst weekly loss since December 15, 2023. Weekly volume was 29% above average.

Long-term trend: [See CAH long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 39.05 and reached 116.04 on March 13, 2024. CAH gained -76.99 points, or -197.16%, in 207 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (57.06) 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 long-term trend.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 49.70 and reached 116.04 on March 13, 2024. CAH gained -66.34 points, or -133.48%, in 90 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (99.80) 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 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 February 23, 2024. 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 uptrend had started on February 8, 2024 at 101.27 and reached 116.04 on March 13, 2024. CAH gained -14.77 points, or -14.58%, in 34 days. The chart has formed a Rising Channel chart pattern.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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) 50.89
Williams' Percentage Range (W%R) 60.30
Lane's Stochastic (%D-Slow) 48.04
Greed/Fear Indicator (GFI) 46.22
Moving Average Converg./Diverg. (MACD) 1.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.77
Williams' Percentage Range (W%R) 27.20
Lane's Stochastic (%D-Slow) 71.77
Greed/Fear Indicator (GFI) 67.18
Moving Average Converg./Diverg. (MACD) 4.62
Trading Signals
Description Value Chart
Upper Bollinger Band 117.15
Parabolic System 115.36
Monthly Trendline Resistance 113.87
Weekly Stochastic Crossing 112.84
Daily Stochastic Crossing 111.29
20 Day Moving Average 110.76
Price 110.61
50 Day Moving Average 107.38
Quarterly Trendline Resistance 106.08
Monthly Trendline Support 105.77
Lower Bollinger Band 104.21
Quarterly Trendline Support 99.80
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Distributors 69
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 101.27
Low Date 02/08/2024
High 116.04
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 98.34
Low Date 12/15/2023
High 116.04
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 113.87
Support 105.77
Low 85.12
Low Date 08/23/2023
High 116.04
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 106.08
Support 99.80
Low 49.70
Low Date 06/16/2022
High 116.04
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 67.32
Support 57.06
Low 39.05
Low Date 03/23/2020
High 116.04
High Date 03/13/2024
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.