CARDINAL HEALTH INC (CAH) Stock Technical Analysis
USA - NYSE:CAH - US14149Y1082 - Common Stock
154.46 USD
-4 (-2.52%)
154.47 USD
+0.01 (+0.01%)
Overall CAH gets a technical rating of 5 out of 10. CAH was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, CAH did better than 76% of all other stocks.
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.
In the last month CAH has a been trading in the 145.87 - 159.24 range, which is quite wide. It is currently trading near the high of this range.
CAH has an average volume of 2542320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAH is an average performer in the Health Care Providers & Services industry, it outperforms 70% of 101 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CAH does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 154.17, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
136.62
169.69
3 important support areas can be observed.
- A support zone ranging from 152.19 to 154.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 146.03 to 149.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @138.00 from a trend line in the daily time frame.
We found 1 important resistance area.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CAH is neutral. |
| ChartMill Relative Strength | 76.54 | POSITIVE | CAH has a high relative strength, it outperformed 76.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CAH is above 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) | 53.05 | NEUTRAL | The RSI value for CAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.78 | POSITIVE | The MACD value suggests CAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.87 | OVERBOUGHT | The high Stochastics value suggests CAH may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for CAH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for CAH suggests a weak or negative 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)
154.46
-4 (-2.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.52%
1 Week0.49%
2 Weeks3.25%
1 Month3.28%
3 Month-6.35%
6 Month19.15%
12 Month37.94%
2 Year69.74%
3 Year103.51%
5 Year237.32%
10 Year87.91%
15 Year345.26%
Volatility
ATR(14)4.23
ATR(20)%2.42%
ATR Inc50.01%
Range Today8.47
ADR(20)3.69
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.54
Mansfield0.03
10 Day High159.24
10 Day Low145.87
20 Day High159.24
20 Day Low145.87
52 Week High168.44
52 Week Low106.98
CS1 End154.17
CR1 Start167.19
Volume & EV
DER(3)-1.56%
DER(5)0.1%
Volume6.61M
Volume Incr80.62%
Vol(5)3.96M
Vol(50)2.54M