CARDINAL HEALTH INC (CAH) Stock Technical Analysis
NYSE:CAH - New York Stock Exchange, Inc. - US14149Y1082 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that CAH is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by CAH over the past year are nicely spread over this period.
CAH is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. CAH outperforms 89% of them.
CAH is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CAH is leading the market.
In the last month CAH has a been trading in the 150.76 - 166.32 range, which is quite wide. It is currently trading near the high of this range.
CAH has an average volume of 2387000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAH has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
100.36
165.03
When analyzing the support we can see 5 important areas.
- A support zone ranging from 156.67 to 159.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 152.74 to 153.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @132.92 from a trend line in the daily time frame.
- A support zone ranging from 123.66 to 126.21. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @101.37 from a trend line in the weekly 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 | 92.83 | POSITIVE | CAH has a high relative strength, it outperformed 92.83% 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) | 70.85 | OVERBOUGHT | The high RSI value suggests CAH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests CAH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.44 | OVERBOUGHT | The high Stochastics value suggests CAH may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for CAH suggests low volalility. |
| Average Directional Index/ADX (14) | 35.1 | 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)
163.4
-2 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.21%
1 Week1.79%
2 Weeks6.02%
1 Month6.58%
3 Month23.89%
6 Month38.15%
12 Month56.17%
2 Year72.78%
3 Year212.61%
5 Year213.09%
10 Year95.34%
15 Year386.17%
Volatility
ATR(14)2.98
ATR(20)%1.63%
ATR Inc-0.35%
Range Today3.97
ADR(20)2.63
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.83
Mansfield2.8
10 Day High166.32
10 Day Low151.63
20 Day High166.32
20 Day Low150.76
52 Week High166.32
52 Week Low93.17
CS1 End159.3
CR1 StartN/A
Volume & EV
DER(3)1.53%
DER(5)1.51%
Volume4.64M
Volume Incr53.76%
Vol(5)2.83M
Vol(50)2.39M