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Uptrend ExhaustionArchive
- 6/20/2025 -
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Cardinal Health, Inc. (CAH) Technical Analysis
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| Summary:
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| | It was a fourth consecutive positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 1.99 points, or 1.23%, and closed at 163.40 on Friday, June 20, 2025. Weekly volume was 33% above average.
 Long-term trend: [See CAH long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 49.70 and reached 166.32 on June 20, 2025. CAH gained -116.62 points, or -234.65%, in 157 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (116.15) 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 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 166.32 on June 20, 2025. CAH gained -73.15 points, or -78.51%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (126.65) 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 medium-term trend.
 Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 14, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 April 7, 2025 at 120.70 and reached 166.32 on June 20, 2025. CAH gained -45.62 points, or -37.80%, in 74 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 167.39 and resistance is at 162.64. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since June 12, 2025. This is an indication that the short-term trend is up.
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