The Greedy Trader Weekly Analysis
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Number of records: 4
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Cardinal Health, Inc.
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Summary:
Weekly :Overbought sectorOversold industryWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaTrend support at 47.78
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandThe period of low volatility of the stock price
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It was the negative week for the Cardinal Health, Inc. (CAH). During the week, the CAH dropped -1.90 points, or -3.78%, and closed at 48.40 on Friday, August 10, 2018. Weekly volume was 54% above average.

CAH is a member of Services Sector. Services is the second most overbought sector. CAH is a member of Drugs Wholesale Industry. Drugs Wholesale is the fifth most oversold industry. 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 48.14 on July 19, 2018. CAH lost 43.77 points, or 47.62%, in 168 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend support (47.78) 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 long-term trend.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 75.75 and reached 48.14 on July 19, 2018. CAH lost 27.61 points, or 36.45%, in 24 weeks. Price is near the trend low.

Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 29, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 19, 2018 at 48.14 and reached 51.54 on August 6, 2018. CAH gained -3.40 points, or -7.06%, in 18 days. The chart has formed a Falling Pennant chart pattern. The uptrend support line (48.86) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

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

The daily MACD line is above its signal line since July 20, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is falling, and it was 5.12% on Friday. It is 65.42% lower than one year average. It indicates the period of low volatility of the stock price. 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) 43.85
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 28.96
Greed/Fear Indicator (GFI) 36.52
Moving Average Converg./Diverg. (MACD) -0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.89
Williams' Percentage Range (W%R) 93.20
Strong Oversold
Lane's Stochastic (%D-Slow) 21.88
Greed/Fear Indicator (GFI) 22.71
Moving Average Converg./Diverg. (MACD) -3.83
Trading Signals
Description Value Chart
Parabolic System 51.41
50 Day Moving Average 51.18
Upper Bollinger Band 51.10
20 Day Moving Average 49.62
Weekly Stochastic Crossing 49.58
Daily Stochastic Crossing 49.13
Weekly Trendline Resistance 48.87
Weekly Trendline Support 48.86
Lower Bollinger Band 48.61
Price 48.40
Yearly Trendline Support 47.78
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drugs Wholesale 5
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 51.54
High Date 08/06/2018
Low 48.29
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Support
Resistance 48.87
Support 48.86
Low 48.14
Low Date 07/19/2018
High 51.54
High Date 08/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.75
High Date 01/29/2018
Low 48.14
Low Date 07/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.88
High Date 03/14/2017
Low 48.14
Low Date 07/19/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Support
Resistance 78.41
Support 47.78
High 91.91
High Date 04/27/2015
Low 48.14
Low Date 07/19/2018
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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