US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

12 hoursRange47%
12h Range probability 94%Range

CAH 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Break either side of $219.43 - $253 with volume.

Invalidation Trigger

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

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

12h
Momentum StateRange
Momentum mixed

RSI 51.7, MACD -0.004

12h
Volatility EnvironmentRange
Low volatility

ATR is $4.98 (2.12%)

12h

EMA Structure

Bullish
EMA 8$235.01Bullish
EMA 21$234.32Bullish
EMA 50$231.55Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.7 · MACD -0.004

Neutral zone

Strength
Range
Volatility
ATR $4.98 · BB 5.23%

Low volatility

Strength
Range
Volume
MFI 29.9 · OBV 13.22%

Relative to 20-period average volume

Strength
Range
Price Levels
$219.43 - $253

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+9.72% · 4.6 ATR above latest close

$257.98
Nearest resistance

+7.6% · 3.6 ATR above · 34-bar high

$253
Current price

Price shown is delayed

$235.13
Nearest support

-6.68% · 3.2 ATR below · 34-bar low

$219.43
Deeper support zone

-8.79% · 4.2 ATR below latest close

$214.45
ATR zone

Latest close ± ATR14

$230.15 - $240.11

Indicators

Trend

Dow Theory Structure

Confirmation $228.16, invalidation $238.94

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

27.2 / 17.6 / 30.8Bearish
Supertrend (10,3)

Price is above Supertrend

$222.25Bullish
Ichimoku Cloud

Cloud Span A / Span B

$236.22 / $236.22Bearish
Donchian Channel (20)

20-period breakout channel position

28%Range

Volatility

ATR (14)

Low volatility

$4.98 (2.12%)Range
Bollinger Bands (20,2)

Width 5.23%

49%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$243.46 / $225.3Range
ATR channel lower / upper

Current Volatility Envelope

$230.15 / $240.11Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$253Range
Support

Nearest Downside Decision Level

$219.43Range

Momentum

RSI (14)

Neutral zone

51.7Range
MACD (12,26,9)

Histogram is negative

-0.004Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

50.4 / 48.8Bullish
Williams %R (14)

Neutral zone

-49.6Range
CCI (20)

Balanced zone

-3.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

29.9Bearish
OBV slope

20-period OBV slope

13.22%Bullish
Volume ratio

Relative to 20-period average volume

0.72xBearish

Trend

Dow Theory Structure

Confirmation $228.16, invalidation $238.94

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

27.2 / 17.6 / 30.8Bearish
Supertrend (10,3)

Price is above Supertrend

$222.25Bullish
Ichimoku Cloud

Cloud Span A / Span B

$236.22 / $236.22Bearish
Donchian Channel (20)

20-period breakout channel position

28%Range

Momentum

RSI (14)

Neutral zone

51.7Range
MACD (12,26,9)

Histogram is negative

-0.004Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

50.4 / 48.8Bullish
Williams %R (14)

Neutral zone

-49.6Range
CCI (20)

Balanced zone

-3.2Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

Low volatility

$4.98 (2.12%)Range
Bollinger Bands (20,2)

Width 5.23%

49%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$243.46 / $225.3Range
ATR channel lower / upper

Current Volatility Envelope

$230.15 / $240.11Range

Volume / Money Flow

MFI (14)

Money flow is weak

29.9Bearish
OBV slope

20-period OBV slope

13.22%Bullish
Volume ratio

Relative to 20-period average volume

0.72xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$253Range
Support

Nearest Downside Decision Level

$219.43Range

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