CARDINAL HEALTH INC (CAH) Technical Analysis
NYSE:CAH • US14149Y1082
Current stock price
CAH Technical Rating and Analysis
Taking everything into account, CAH scores 8 out of 10 in our technical rating. In the last year, CAH was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, CAH did better than 85% of all other stocks. We also observe that the gains produced by CAH over the past year are nicely spread over this period.
- CAH is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 83% of 100 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 1755160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CAH has a been trading in the 203.86 - 222.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CAH Weekly and Daily overview Charts
CAH Setup Rating and Analysis
Besides having an excellent technical rating, CAH also presents 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 212.72, a Stop Loss order could be placed below this zone.
More info and screens
CAH Support and Resistance Analysis
177.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 206.30 to 212.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @201.11 from a horizontal line in the daily time frame.
- Support @178.82 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 227.18 to 229.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
CAH Technical Indicator Signal Analysis
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 | 85.13 | POSITIVE | CAH has a high relative strength, it outperformed 85.13% 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 | MIXED | The current price of CAH is below 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) | 53 | NEUTRAL | The RSI value for CAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests CAH has a positive trend. |
| Stochastics (14,3) | 86.38 | OVERBOUGHT | The high Stochastics value suggests CAH may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for CAH suggests some volalility. |
| Average Directional Index/ADX (14) | 11.54 | NEGATIVE | The low ADX value for CAH suggests a weak or negative trend. |
CAH Chart- and CandleStick Pattern Analysis
CAH Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 217.78 | 205.34 | 12.44 (5.71%) | 17.51% |
| An entry @217.78. This is a Buy Stop order right above the 10 day high. | An exit @205.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 12.44 points, which is 5.71%. | For a 1.00% total portfolio risk, you can invest 17.51% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
CAH Technicals: Chart, Performance Metrics, Trend & Indicators
215.52
-0.28 (-0.13%)
CARDINAL HEALTH INC / CAH TA FAQ
Can you provide the ChartMill technical rating for CARDINAL HEALTH INC?
ChartMill assigns a technical rating of 8 / 10 to CAH.
What is the trend direction for CAH stock?
The current trend direction for CARDINAL HEALTH INC (CAH) is Bullish.
Can you provide the RSI signal for CARDINAL HEALTH INC?
CARDINAL HEALTH INC (CAH) has an RSI value of 53.0046. This indicates that the stock is currently neutral.
What is the MACD signal for CAH stock?
The MACD indicator for CARDINAL HEALTH INC (CAH) has a value of 0.962134, indicating a bearish trend.
What are the support and resistance levels for CARDINAL HEALTH INC (CAH) stock?
CARDINAL HEALTH INC (CAH) has a support level at 212.72 and a resistance level at 227.18. Check the full technical report for our detailed analysis of CAH support and resistance levels.