CARDINAL HEALTH INC (CAH) Technical Analysis
NYSE:CAH • US14149Y1082
Current stock price
217.08 USD
-2.01 (-0.92%)
At close:
217.13 USD
+0.05 (+0.02%)
After Hours:
CAH Technical Rating and Analysis
Taking everything into account, CAH scores 9 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.
- In the last month CAH has a been trading in the 213.58 - 233.60 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that CAH is one of the better performing stocks in the market, outperforming 90% 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 82% of 101 stocks in the same industry.
- CAH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CAH is performing more or less in line with the market.
- CAH has an average volume of 1745810 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAH Weekly and Daily overview Charts
CAH Setup Rating and Analysis
CAH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 217.07, a Stop Loss order could be placed below this zone.
More info and screens
CAH Support and Resistance Analysis
151.55
232.19
We found 6 important support areas.
- A support zone ranging from 213.68 to 217.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @208.29 from a horizontal line in the daily time frame.
- Support @201.11 from a horizontal line in the daily time frame.
- Support @197.88 from a horizontal line in the daily time frame.
- Support @175.10 from a trend line in the weekly time frame.
- Support @153.08 from a horizontal line in the daily 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 | 90.47 | POSITIVE | CAH has a high relative strength, it outperformed 90.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CAH is below 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) | 46.51 | NEUTRAL | The RSI value for CAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.45 | NEGATIVE | The MACD value suggests CAH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.07 | OVERSOLD | The low Stochastics value suggests CAH may be oversold. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CAH suggests some volalility. |
| Average Directional Index/ADX (14) | 10.8 | NEGATIVE | The low ADX value for CAH suggests a weak or negative trend. |
CAH Chart- and CandleStick Pattern Analysis
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)
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 |
|---|---|---|---|
| 220.42 | 213.67 | 6.75 (3.06%) | 25.00% |
| An entry @220.42. This is a Buy Stop order right above the 10 day moving average. | An exit @213.67. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.75 points, which is 3.06%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CAH. Please evaluate whether better entry and exit points can be found.
- 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
217.08
-2.01 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.92%
1 Week-0.32%
2 Weeks-5.3%
1 Month0.94%
3 Month9.54%
6 Month42.59%
12 Month69.59%
2 Year93.99%
3 Year187.52%
5 Year257.33%
10 Year164.89%
15 Year427.79%
Volatility
ATR(14)5.28
ATR(20)%2.33%
ATR Inc23.3%
Range Today6.41
ADR(20)4.84
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.47
3 months CRS85.57
6 months CRS93.3
Mansfield2.07
10 Day High233.6
10 Day Low213.58
20 Day High233.6
20 Day Low213.58
52 Week High233.6
52 Week Low120.72
CS1 End217.07
CR1 Start227.18
Volume & EV
DER(3)-1.28%
DER(5)-1.09%
Volume1.42M
Volume Incr5.43%
Vol(5)1.75M
Vol(50)1.75M
CARDINAL HEALTH INC / CAH TA FAQ
Can you provide the ChartMill technical rating for CARDINAL HEALTH INC?
ChartMill assigns a technical rating of 9 / 10 to CAH.
What is the trend direction for CAH stock?
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 46.5136. This indicates that the stock is currently neutral.
What is the MACD signal for CARDINAL HEALTH INC (CAH) stock?
The MACD indicator for CARDINAL HEALTH INC (CAH) has a value of -1.44949, indicating a bearish trend.