CARDINAL HEALTH INC (CAH) Stock Technical Analysis
NYSE:CAH - New York Stock Exchange, Inc. - US14149Y1082 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to CAH. Both in the recent history as in the last year, CAH has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 93% 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 87% of 102 stocks in the same industry.
CAH is currently trading near its 52 week high, which is a good sign. 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.
CAH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
CAH has an average volume of 2613350 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 and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 154.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 153.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
99.88
156.33
When analyzing the support we can see 4 important areas.
- A support zone ranging from 151.85 to 153.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @130.70 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 @100.89 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 154.45 to 154.78. 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 | UP | POSITIVE | The short term trend for CAH is up. |
| ChartMill Relative Strength | 93.68 | POSITIVE | CAH has a high relative strength, it outperformed 93.68% 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) | 65.63 | NEUTRAL | The RSI value for CAH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests CAH has a negative trend. |
| Stochastics (14,3) | 80.87 | OVERBOUGHT | The high Stochastics value suggests CAH may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for CAH suggests low volalility. |
| Average Directional Index/ADX (14) | 23.8 | NEUTRAL | The ADX value for CAH suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 154.79 | 151.84 | 2.95 (1.91%) | 25.00% |
| An entry @154.79. This is a Buy Stop order right above the resistance zone. | An exit @151.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.95 points, which is 1.91%. | For a 0.48% 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.
154.44
+0.45 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.29%
1 Week1.28%
2 Weeks1.64%
1 Month6.12%
3 Month19.28%
6 Month26.34%
12 Month55.58%
2 Year87.65%
3 Year174.22%
5 Year182.39%
10 Year75.16%
15 Year347.78%
Volatility
ATR(14)2.53
ATR(20)%1.87%
ATR Inc-37.19%
Range Today2.16
ADR(20)2.79
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.68
Mansfield2.47
10 Day High156.44
10 Day Low150.76
20 Day High156.44
20 Day Low142.94
52 Week High156.44
52 Week Low93.17
CS1 End153.77
CR1 Start154.45
Volume & EV
DER(3)0.65%
DER(5)0.95%
Volume2.76M
Volume Incr-28.66%
Vol(5)1.83M
Vol(50)2.61M