Cardinal Health, Inc.
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|It was the negative week for the Cardinal Health, Inc. (CAH). During the week, the CAH dropped -1.97 points, or -3.56%, and closed at 53.33 on Friday, May 18, 2018. CAH was trading at average weekly trading volume. |
CAH is a member of Services Sector. Services is the most overbought sector. 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 50.79 on May 3, 2018. CAH lost 41.12 points, or 44.74%, in 157 weeks. The price is now at the 6.18% retracement level.
Medium-term trend: [See CAH medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 75.75 and reached 50.79 on May 3, 2018. CAH lost 24.96 points, or 32.95%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (58.08) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.
Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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 relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See CAH short-term trend chart]
A short-term downtrend had started on May 10, 2018 at 55.93 and reached 53.23 on May 18, 2018. CAH lost 2.70 points, or 4.83%, in 8 days. Price is near the trend low.
Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since May 2, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
The distance between the Bollinger Bands is 192.20% higher then one year average. It indicates the period of high 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.