CARDINAL HEALTH INC (CAH) Stock Technical Analysis
NYSE:CAH - US14149Y1082 - Common Stock
148.1 USD
-3.47 (-2.29%)
147 USD
-1.1 (-0.74%)
We assign a technical rating of 4 out of 10 to CAH. In the last year, CAH was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
When comparing the yearly performance of all stocks, we notice that CAH is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, CAH also shows a nice and consistent pattern of rising prices.
CAH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 79% of 101 stocks in the same industry.
CAH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CAH is lagging the market slightly.
CAH has an average volume of 2377760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month CAH has a been trading in the 137.75 - 159.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 148.09, a Stop Loss order could be placed below this zone.
More info and screens
103.36
169.69
4 important support areas can be observed.
- A support zone ranging from 146.29 to 148.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @136.51 from a trend line in the daily time frame.
- Support @125.33 from a horizontal line in the daily time frame.
- Support @104.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 148.28 to 150.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 153.15 to 153.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 167.19 to 168.01. 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 | DOWN | NEGATIVE | The short term trend for CAH is down. |
| ChartMill Relative Strength | 76.03 | POSITIVE | CAH has a high relative strength, it outperformed 76.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAH is below a declining 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) | 38.86 | NEUTRAL | The RSI value for CAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests CAH has a negative trend. |
| Stochastics (14,3) | 59.95 | NEUTRAL | The Stochastics value for CAH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for CAH suggests some volalility. |
| Average Directional Index/ADX (14) | 34.77 | POSITIVE | The high ADX value value for CAH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
148.1
-3.47 (-2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.29%
1 Week-1.01%
2 Weeks-5.91%
1 Month-5.75%
3 Month-3.04%
6 Month16.56%
12 Month35.33%
2 Year69.59%
3 Year109.42%
5 Year191.77%
10 Year80.02%
15 Year394.33%
Volatility
ATR(14)4.62
ATR(20)%2.84%
ATR Inc-15.94%
Range Today5.54
ADR(20)3.71
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.03
Mansfield0.13
10 Day High159.41
10 Day Low137.75
20 Day High159.64
20 Day Low137.75
52 Week High168.44
52 Week Low106.54
CS1 End148.09
CR1 Start148.28
Volume & EV
DER(3)-0.22%
DER(5)0.21%
Volume2.69M
Volume Incr6.59%
Vol(5)2.53M
Vol(50)2.38M