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S&P 500 Overbought StocksArchive
- 5/2/2025 -
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Cardinal Health, Inc. (CAH) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 11.97 points, or 8.70%, and closed at 149.53 on Friday, May 2, 2025. Weekly volume was 40% 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 150.12 on May 2, 2025. CAH gained -100.42 points, or -202.05%, in 150 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (113.23) 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 150.12 on May 2, 2025. CAH gained -56.95 points, or -61.12%, in 41 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (123.15) 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 medium-term trend.
 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. 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 March 14, 2025. This is an indication that the medium-term trend is up. 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 150.12 on May 2, 2025. CAH gained -29.42 points, or -24.37%, in 25 days. Price is near the trend high.
 Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily 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 daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since April 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
6 |
| Industry |
Health Care Distributors |
76 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
120.70 |
| Low Date |
04/07/2025 |
| High |
150.12 |
| High Date |
05/02/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
120.70 |
| Low Date |
04/07/2025 |
| High |
150.12 |
| High Date |
05/02/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
143.05 |
| Support |
123.15 |
| Low |
93.17 |
| Low Date |
07/15/2024 |
| High |
150.12 |
| High Date |
05/02/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
137.14 |
| Support |
113.23 |
| Low |
49.70 |
| Low Date |
06/16/2022 |
| High |
150.12 |
| High Date |
05/02/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
39.05 |
| Low Date |
03/23/2020 |
| High |
150.12 |
| High Date |
05/02/2025 |
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