CARDINAL HEALTH INC (CAH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CAH - US14149Y1082 - Common Stock
Taking everything into account, CAH scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CAH has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although CAH has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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151.95
We found 4 important support areas.
- A support zone ranging from 193.88 to 198.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @165.79 from a trend line in the weekly time frame.
- Support @161.07 from a trend line in the daily time frame.
- Support @153.48 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 207.45 to 207.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 212.27 to 213.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CAH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAH is up. |
| ChartMill Relative Strength | 94.53 | POSITIVE | CAH has a high relative strength, it outperformed 94.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CAH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.44 | NEUTRAL | The RSI value for CAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests CAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.34 | OVERBOUGHT | The high Stochastics value suggests CAH may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for CAH suggests low volalility. |
| Average Directional Index/ADX (14) | 31.87 | POSITIVE | The high ADX value value for CAH suggests a strong trend. |
207.21
-0.17 (-0.08%)
CARDINAL HEALTH INC / CAH FAQ
Can you provide the ChartMill technical rating for CARDINAL HEALTH INC?
ChartMill assigns a technical rating of 10 / 10 to CAH.
Can you provide the trend direction for CARDINAL HEALTH INC?
The current trend direction for CARDINAL HEALTH INC (CAH) is Bullish.
What is the RSI signal for CARDINAL HEALTH INC (CAH) stock?
CARDINAL HEALTH INC (CAH) has an RSI value of 65.4436. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CARDINAL HEALTH INC?
The MACD indicator for CARDINAL HEALTH INC (CAH) has a value of 0.206374, indicating a bearish trend.
Can you provide the short term momentum for CARDINAL HEALTH INC?
The short term momentum for CARDINAL HEALTH INC (CAH) is positive.