Cardinal Health, Inc.
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|It was a first positive week after 5 consecutive negative weeks for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 2.53 points, or 4.49%, and closed at 58.90 on Friday, December 01, 2017. It was the best weekly gain since June 23, 2017. Weekly volume was 64% above average. |
Long-term trend: [See CAH long-term trend chart]
A long-term downtrend had started on March 14, 2017 at 84.88 and reached 54.66 on November 20, 2017. CAH lost 30.22 points, or 35.60%, in 35 weeks. The price is now at the 14.03% retracement level.
Medium-term trend: [See CAH medium-term trend chart]
A medium-term downtrend had started on June 27, 2017 at 80.37 and reached 54.66 on November 20, 2017. CAH lost 25.71 points, or 31.99%, in 20 weeks. The price is now at the 16.49% retracement level.
Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 July 28, 2017. This is an indication that the medium-term trend is down. 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 November 20, 2017 at 54.66 and reached 60.10 on November 30, 2017. CAH gained -5.44 points, or -9.95%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above 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.