The Greedy Trader Weekly Analysis
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Cardinal Health, Inc.
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH gained 3.87 points, or 7.52%, and closed at 55.31 on Friday, November 09, 2018. Weekly volume was 17% above average.

CAH is a member of Services Sector. Services is the second 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 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 trend support level is at 45.36 and resistance is at 77.33. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term uptrend had started on July 19, 2018 at 48.14 and reached 56.60 on November 9, 2018. CAH gained -8.46 points, or -17.57%, in 16 weeks. The price is now at the 15.25% retracement level.

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 August 17, 2018. 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 October 25, 2018 at 48.91 and reached 56.60 on November 9, 2018. CAH gained -7.69 points, or -15.72%, in 15 days. The price is now at the 16.78% retracement level.

Daily Technical Indicators: [See CAH daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.66
Williams' Percentage Range (W%R) 1.80
Strong Overbought
Lane's Stochastic (%D-Slow) 87.97
Overbought
Greed/Fear Indicator (GFI) 82.27
Overbought
Moving Average Converg./Diverg. (MACD) -0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.82
Williams' Percentage Range (W%R) 1.60
Strong Overbought
Lane's Stochastic (%D-Slow) 49.61
Greed/Fear Indicator (GFI) 68.08
Moving Average Converg./Diverg. (MACD) -2.07
Trading Signals
Description Value Chart
Upper Bollinger Band 56.04
Daily Stochastic Crossing 56.02
Price 55.31
50 Day Moving Average 52.85
Weekly Stochastic Crossing 52.37
20 Day Moving Average 52.22
Parabolic System 51.21
Lower Bollinger Band 49.45
Yearly Trendline Support 45.36
Sector and Industry
Description Name Rank
Sector Services 8
Industry Drugs Wholesale 129
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.91
Low Date 10/25/2018
High 56.60
High Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.91
Low Date 10/25/2018
High 56.60
High Date 11/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.14
Low Date 07/19/2018
High 56.60
High Date 11/09/2018
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 Valid
Resistance 77.33
Support 45.36
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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