|
Archive - 3/15/2024 - Sign In to see current Signals. |
Cardinal Health, Inc. (CAH) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : 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.
| |
|
|