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 8 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 77% of all stocks.
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.
In the last month CAH has a been trading in the 122.86 - 132.84 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CAH has an average volume of 2279750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAH is an average performer in the Health Care Providers & Services industry, it outperforms 65% of 108 stocks in the same industry.
CAH has an excellent technical rating and 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 127.05, a Stop Loss order could be placed below this zone.
More info and screens
97.63
132.05
We found 5 important support areas.
- A support zone ranging from 126.15 to 127.05. 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 122.04 to 123.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 118.10 to 118.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @115.82 from a horizontal line in the daily time frame.
- Support @98.62 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 127.12 to 130.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.72
Mansfield0.66
10 Day High130.53
10 Day Low123.94
20 Day High132.84
20 Day Low122.86
52 Week High132.84
52 Week Low93.17
Performance
1 Week0.22%
2 Weeks0.01%
1 Month-1.73%
3 Month4.28%
6 Month16.1%
12 Month17.55%
2 Year67.82%
3 Year135.25%
5 Year143.78%
10 Year44.4%
15 Year274.04%
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)
Technical Indicators
MACD(12,26,9)-0.27
RSI(14)54.62
LBB125.18
UBB128.46
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 |
|---|---|---|---|
| 130.75 | 126.14 | 4.61 (3.53%) | 25.00% |
| An entry @130.75. This is a Buy Stop order right above the resistance zone. | An exit @126.14. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.61 points, which is 3.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- 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.
127.06
-0.32 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.25%
1 Week0.22%
2 Weeks0.01%
1 Month-1.73%
3 Month4.28%
6 Month16.1%
12 Month17.55%
2 Year67.82%
3 Year135.25%
5 Year143.78%
10 Year44.4%
15 Year274.04%
Volatility
ATR(14)2.39
ATR(20)%2.17%
ATR Inc-50.53%
Range Today1.47
ADR(20)2.67
ADR(20)%2.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.72
Mansfield0.66
10 Day High130.53
10 Day Low123.94
20 Day High132.84
20 Day Low122.86
52 Week High132.84
52 Week Low93.17
CS1 End127.05
CR1 Start127.12
Volume & EV
DER(3)-0.19%
DER(5)-0.77%
Volume2.35M
Volume Incr-16.96%
Vol(5)2.06M
Vol(50)2.28M