The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 61.8% retracement level
Number of records: 4
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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.

Cardinal Health, Inc. (CAH)

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Summary:
Weekly :Overbought sectorTrend support at 48.60
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Cardinal Health, Inc. (CAH). During the week, the CAH dropped -0.93 points, or -1.86%, and closed at 48.95 on Friday, May 15, 2020. Weekly volume was -28% below average.

CAH is a member of Health Care Sector. Health Care is the 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 39.05 on March 23, 2020. CAH lost 52.86 points, or 57.51%, in 256 weeks. The price is now at the 18.73% retracement level.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 39.05 and reached 54.33 on May 12, 2020. CAH gained -15.28 points, or -39.13%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (48.60) line. The support is usually stronger when technical indicators are oversold. 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 support 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 below its signal line since March 6, 2020. 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 May 12, 2020 at 54.33 and reached 45.76 on May 14, 2020. CAH lost 8.57 points, or 15.77%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since May 12, 2020. 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 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) 42.08
Williams' Percentage Range (W%R) 70.40
Lane's Stochastic (%D-Slow) 41.16
Greed/Fear Indicator (GFI) 37.63
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.91
Williams' Percentage Range (W%R) 57.30
Lane's Stochastic (%D-Slow) 57.45
Greed/Fear Indicator (GFI) 48.13
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 54.68
Parabolic System 53.71
Upper Bollinger Band 52.54
20 Day Moving Average 49.34
Price 48.95
Quarterly Trendline Support 48.60
Daily Stochastic Crossing 48.29
Weekly Stochastic Crossing 48.05
50 Day Moving Average 48.02
Lower Bollinger Band 45.61
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Distributors 81
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.33
High Date 05/12/2020
Low 45.76
Low Date 05/14/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.33
High Date 05/12/2020
Low 45.76
Low Date 05/14/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.33
High Date 05/12/2020
Low 45.76
Low Date 05/14/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 54.68
Support 48.60
Low 39.05
Low Date 03/23/2020
High 54.33
High Date 05/12/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.91
High Date 04/27/2015
Low 39.05
Low Date 03/23/2020
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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