The Greedy Trader Weekly Analysis
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S&P 500 Overbought Stocks

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- 1/2/2026 -
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Cardinal Health, Inc. (CAH) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARTrend support at 204.73
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It was the negative week for the Cardinal Health, Inc. (CAH). During the week, the CAH dropped -2.57 points, or -1.23%, and closed at 205.72 on Friday, January 2, 2026. Weekly volume was -55% below average.

CAH is a member of Health Care Sector. Health Care 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 uptrend had started on June 16, 2022 at 49.70 and reached 214.93 on November 26, 2025. CAH gained -165.23 points, or -332.45%, in 179 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (128.74) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See CAH medium-term trend chart]
A medium-term uptrend had started on July 15, 2024 at 93.17 and reached 214.93 on November 26, 2025. CAH gained -121.76 points, or -130.69%, in 71 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 152.20 and resistance is at 220.41. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CAH weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 24, 2025. 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 August 12, 2025 at 137.75 and reached 214.93 on November 26, 2025. CAH gained -77.18 points, or -56.03%, in 106 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (204.73) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

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 below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.26
Williams' Percentage Range (W%R) 33.20
Lane's Stochastic (%D-Slow) 79.47
Greed/Fear Indicator (GFI) 72.49
Moving Average Converg./Diverg. (MACD) 2.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.15
Overbought
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 80.94
Overbought
Greed/Fear Indicator (GFI) 79.94
Moving Average Converg./Diverg. (MACD) 12.87
Trading Signals
Description Value Chart
Weekly Trendline Resistance 246.65
Monthly Trendline Resistance 220.41
Upper Bollinger Band 211.56
Weekly Stochastic Crossing 210.57
Parabolic System 209.28
Daily Stochastic Crossing 207.36
Price 205.72
Weekly Trendline Support 204.73
20 Day Moving Average 202.11
50 Day Moving Average 198.11
Lower Bollinger Band 195.55
Quarterly Trendline Resistance 188.07
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Distributors 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 195.54
Low Date 12/16/2025
High 209.07
High Date 12/24/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 246.65
Support 204.73
Low 137.75
Low Date 08/12/2025
High 214.93
High Date 11/26/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 220.41
Support 152.20
Low 93.17
Low Date 07/15/2024
High 214.93
High Date 11/26/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 188.07
Support 128.74
Low 49.70
Low Date 06/16/2022
High 214.93
High Date 11/26/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.05
Low Date 03/23/2020
High 214.93
High Date 11/26/2025
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.