CARDINAL HEALTH INC (CAH)       78.2  +1.92 (+2.52%)

78.2  +1.92 (+2.52%)

US14149Y1082 - Common Stock

Technical Rating

6

Taking everything into account, CAH scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.



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.
When comparing the yearly performance of all stocks, we notice that CAH is one of the better performing stocks in the market, outperforming 89% of all 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 85% of 124 stocks in the same industry.
CAH is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month CAH has a been trading in the 73.86 - 79.11 range, which is quite wide. It is currently trading near the high of this range.
CAH has an average volume of 2770790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months -0.94% -4.07% 24.01% 46.81% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 89.61 49.7 - 81.57
CAH Weekly chart
CAH Daily chart

Support/Resistance Analysis


54.49

81.79
We found 2 important support areas.
  • A support zone ranging from 74.32 to 76.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @55.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
  • Resistance @78.64 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 80.88 to 80.98. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

4

CAH has an average technical rating and also 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.


CAH Daily chart

CARDINAL HEALTH INC78.2

NYSE:CAH (2/3/2023, 10:22:51 AM)+1.92 (+2.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Health Care Providers & Services

Performance
Today 2.52% 1 Week -2.05%
2 Weeks 1.06% 1 Month -0.94%
3 Month -4.07% 6 Month 24.01%

Volatility
ATR(14) 1.71 ATR(20)% 2.12%
ATR Inc 107.2% Range Today 3.22

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 89.61 Mansfield 1.25
10 Day High 78.97 10 Day Low 73.86
20 Day High 79.11 20 Day Low 73.86
52 Week High 81.57 52 Week Low 49.7
CS1 End 76.27 CR1 Start 78.01

Volume & EV
DER(3) -0.46% DER(5) -0.08%
Volume 1.01M Volume Incr 92.66%
Vol(5) 4.30M Vol(50) 2.77M

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