US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

1 dayRange48%
Daily Range probability 96%Range

CAH 1D chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $194 - $243.21 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 51.6, MACD -2.226

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $5.06 (2.22%)

Daily

EMA Structure

Bullish
EMA 8$230.44Bearish
EMA 21$229.44Bearish
EMA 50$221.54Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.6 · MACD -2.226

Neutral zone

Strength
Bearish
Volatility
ATR $5.06 · BB 8.39%

Medium volatility

Strength
Range
Volume
MFI 45.0 · OBV 2.72%

Relative to 20-period average volume

Strength
Range
Price Levels
$194 - $243.21

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+8.64% · 3.9 ATR above latest close

$248.27
Nearest resistance

+6.43% · 2.9 ATR above · 34-bar high

$243.21
Current price

Price shown is delayed

$228.52
Nearest support

-15.11% · 6.8 ATR below · 34-bar low

$194
Deeper support zone

-17.32% · 7.8 ATR below latest close

$188.94
ATR zone

Latest close ± ATR14

$223.46 - $233.58

Indicators

Trend

Dow Theory Structure

Confirmation $243.21, invalidation $223.07

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

34.5 / 10.2 / 32.7Bearish
Supertrend (10,3)

Price is above Supertrend

$215.19Bullish
Ichimoku Cloud

Cloud Span A / Span B

$231.06 / $211.83Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bullish

Volatility

ATR (14)

Medium volatility

$5.06 (2.22%)Range
Bollinger Bands (20,2)

Width 8.39%

25%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$240.15 / $219.3Range
ATR channel lower / upper

Current Volatility Envelope

$223.46 / $233.58Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$243.21Range
Support

Nearest Downside Decision Level

$194Range

Momentum

RSI (14)

Neutral zone

51.6Range
MACD (12,26,9)

Histogram is negative

-2.226Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.1 / 27.4Bearish
Williams %R (14)

Neutral zone

-72.9Range
CCI (20)

Balanced zone

-58.2Range
TD Sequential

Exhaustion setup is near completion

buy 9Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.0Range
OBV slope

20-period OBV slope

2.72%Bullish
Volume ratio

Relative to 20-period average volume

0.94xRange

Trend

Dow Theory Structure

Confirmation $243.21, invalidation $223.07

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

34.5 / 10.2 / 32.7Bearish
Supertrend (10,3)

Price is above Supertrend

$215.19Bullish
Ichimoku Cloud

Cloud Span A / Span B

$231.06 / $211.83Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bullish

Momentum

RSI (14)

Neutral zone

51.6Range
MACD (12,26,9)

Histogram is negative

-2.226Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

27.1 / 27.4Bearish
Williams %R (14)

Neutral zone

-72.9Range
CCI (20)

Balanced zone

-58.2Range
TD Sequential

Exhaustion setup is near completion

buy 9Bullish

Volatility

ATR (14)

Medium volatility

$5.06 (2.22%)Range
Bollinger Bands (20,2)

Width 8.39%

25%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$240.15 / $219.3Range
ATR channel lower / upper

Current Volatility Envelope

$223.46 / $233.58Range

Volume / Money Flow

MFI (14)

Money flow is neutral

45.0Range
OBV slope

20-period OBV slope

2.72%Bullish
Volume ratio

Relative to 20-period average volume

0.94xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$243.21Range
Support

Nearest Downside Decision Level

$194Range

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