The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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Cardinal Health, Inc. (CAH) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was a first positive week for the Cardinal Health, Inc. (CAH). During the week, the CAH climbed 0.62 points, or 0.63%, and closed at 99.53 on Friday, May 10, 2024. Weekly volume was -7% below average.

Long-term trend: [See CAH long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 39.05 and reached 116.04 on March 13, 2024. CAH gained -76.99 points, or -197.16%, in 207 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (57.77) 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 June 16, 2022 at 49.70 and reached 116.04 on March 13, 2024. CAH gained -66.34 points, or -133.48%, in 90 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (104.35) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CAH may retest the broken support line. It is considered to be a resistance line now. 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 28, 2024. The distance between MACD and the signal line is near its high and getting bigger. 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 March 13, 2024 at 116.04 and reached 97.31 on May 8, 2024. CAH lost 18.73 points, or 16.14%, in 56 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 96.71 and resistance is at 103.10. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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

The daily MACD line is below its signal line since March 13, 2024. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.85
Williams' Percentage Range (W%R) 91.80
Strong Oversold
Lane's Stochastic (%D-Slow) 10.95
Oversold
Greed/Fear Indicator (GFI) 19.00
Oversold
Moving Average Converg./Diverg. (MACD) -2.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.88
Williams' Percentage Range (W%R) 95.10
Strong Oversold
Lane's Stochastic (%D-Slow) 20.61
Greed/Fear Indicator (GFI) 24.15
Moving Average Converg./Diverg. (MACD) 3.61
Trading Signals
Description Value Chart
Monthly Trendline Support 114.86
Quarterly Trendline Resistance 108.90
Upper Bollinger Band 108.77
50 Day Moving Average 107.86
Quarterly Trendline Support 104.35
Weekly Trendline Resistance 103.10
20 Day Moving Average 102.75
Parabolic System 101.71
Weekly Stochastic Crossing 99.75
Price 99.53
Daily Stochastic Crossing 98.50
Weekly Trendline Support 96.71
Lower Bollinger Band 96.22
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Distributors 36
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.14
High Date 03/20/2024
Low 97.31
Low Date 05/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 103.10
Support 96.71
High 116.04
High Date 03/13/2024
Low 97.31
Low Date 05/08/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 120.87
Support 114.86
Low 85.12
Low Date 08/23/2023
High 116.04
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 108.90
Support 104.35
Low 49.70
Low Date 06/16/2022
High 116.04
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 67.55
Support 57.77
Low 39.05
Low Date 03/23/2020
High 116.04
High Date 03/13/2024
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.