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Health Care Distributors Industry Stocks Technical Analysis - CAHArchive
- 1/17/2025 -
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Cardinal Health, Inc. (CAH) Technical Analysis
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| Summary:
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| | It was a fifth consecutive positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 4.70 points, or 3.87%, and closed at 126.30 on Friday, January 17, 2025. It was the best weekly gain since November 22, 2024. CAH was trading at average weekly trading volume.
 Long-term trend: [See CAH long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 49.70 and reached 127.30 on January 17, 2025. CAH gained -77.60 points, or -156.14%, in 135 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 106.87 and resistance is at 130.77. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See CAH medium-term trend chart]
A medium-term uptrend had started on July 15, 2024 at 93.17 and reached 127.30 on January 17, 2025. CAH gained -34.13 points, or -36.63%, in 26 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 9, 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 December 17, 2024 at 114.60 and reached 127.30 on January 17, 2025. CAH gained -12.70 points, or -11.08%, in 31 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (121.93) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since January 3, 2025. This is an indication that the short-term trend is up.
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