CARDINAL HEALTH INC (CAH) Stock Technical Analysis
USA - NYSE:CAH - US14149Y1082 - Common Stock
Taking everything into account, CAH scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAH is showing a nice and steady performance.
Although CAH has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
144.84
2 important support areas can be observed.
- A support zone ranging from 153.48 to 154.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @146.30 from a horizontal line in the daily time frame.
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 | 92.92 | POSITIVE | CAH has a high relative strength, it outperformed 92.92% 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) | 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) | 88.69 | OVERBOUGHT | The high RSI value suggests CAH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.78 | POSITIVE | The MACD value suggests CAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.04 | OVERBOUGHT | The high Stochastics value suggests CAH may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CAH suggests some volalility. |
| Average Directional Index/ADX (14) | 38.34 | POSITIVE | The high ADX value value for CAH suggests a strong trend. |
203.67
+5.68 (+2.87%)
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 88.6918. This indicates that the stock is currently overbought.
Can you provide the MACD signal for CARDINAL HEALTH INC?
The MACD indicator for CARDINAL HEALTH INC (CAH) has a value of 3.78368, indicating a bullish trend.
Can you provide the short term momentum for CARDINAL HEALTH INC?
The short term momentum for CARDINAL HEALTH INC (CAH) is positive.