The Greedy Trader Weekly Analysis
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Cardinal Health, Inc.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :
Move cursor over the icon to see details.

It was the negative week for the Cardinal Health, Inc. (CAH). During the week, the CAH dropped -0.74 points, or -1.10%, and closed at 66.72 on Friday, February 09, 2018. Weekly volume was 68% above average.

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 54.66 on November 20, 2017. CAH lost 37.25 points, or 40.53%, in 134 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 52.27 and resistance is at 80.58. 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 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 chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 48.29 and resistance is at 70.67. 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 medium-term trend.

Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since December 15, 2017. The distance between MACD and the signal line is relatively high, but getting smaller. 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 January 29, 2018 at 75.75 and reached 62.40 on February 6, 2018. CAH lost 13.35 points, or 17.62%, in 8 days. The price is now at the 32.36% retracement level.

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

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.70
Williams' Percentage Range (W%R) 62.80
Lane's Stochastic (%D-Slow) 22.02
Greed/Fear Indicator (GFI) 29.96
Moving Average Converg./Diverg. (MACD) 1.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.47
Williams' Percentage Range (W%R) 39.80
Lane's Stochastic (%D-Slow) 82.08
Overbought
Greed/Fear Indicator (GFI) 66.47
Moving Average Converg./Diverg. (MACD) -1.85
Trading Signals
Description Value Chart
Monthly Trendline Resistance 79.59
Upper Bollinger Band 75.52
Weekly Stochastic Crossing 72.35
20 Day Moving Average 70.82
Quarterly Trendline Resistance 70.67
Parabolic System 68.37
Monthly Trendline Support 68.10
Price 66.72
50 Day Moving Average 65.63
Daily Stochastic Crossing 65.61
Lower Bollinger Band 61.50
Sector and Industry
Description Name Rank
Sector Services 9
Industry Drugs Wholesale 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 62.40
Low Date 02/06/2018
High 68.93
High Date 02/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.75
High Date 01/29/2018
Low 62.40
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 79.59
Support 68.10
Low 54.66
Low Date 11/20/2017
High 75.75
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 70.67
Support 48.29
High 84.88
High Date 03/14/2017
Low 54.66
Low Date 11/20/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 80.58
Support 52.27
High 91.91
High Date 04/27/2015
Low 54.66
Low Date 11/20/2017
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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