The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Number of records: 2
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Cardinal Health, Inc.
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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved above oversold areaThe period of high 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 -1.97 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.36
Williams' Percentage Range (W%R) 76.40
Lane's Stochastic (%D-Slow) 52.48
Greed/Fear Indicator (GFI) 34.47
Moving Average Converg./Diverg. (MACD) -2.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.42
Williams' Percentage Range (W%R) 85.20
Oversold
Lane's Stochastic (%D-Slow) 20.77
Greed/Fear Indicator (GFI) 25.11
Moving Average Converg./Diverg. (MACD) -1.19
Trading Signals
Description Value Chart
Upper Bollinger Band 67.29
50 Day Moving Average 61.94
Parabolic System 61.04
Quarterly Trendline Support 58.08
20 Day Moving Average 57.69
Daily Stochastic Crossing 54.45
Weekly Stochastic Crossing 53.94
Price 53.33
Lower Bollinger Band 46.69
Sector and Industry
Description Name Rank
Sector Services 9
Industry Drugs Wholesale 27
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 55.93
High Date 05/10/2018
Low 53.23
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.79
Low Date 05/03/2018
High 55.93
High Date 05/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 66.45
High Date 05/02/2018
Low 50.79
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 65.26
Support 58.08
High 75.75
High Date 01/29/2018
Low 50.79
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.91
High Date 04/27/2015
Low 50.79
Low Date 05/03/2018
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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