US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

1 hourBearish86%
1h Downside probability 86%Bearish

CAH 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $232.45 and stabilize above resistance $237.57.

Invalidation Trigger

Break above $237.57 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 33.1, MACD -0.344

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.44 (0.63%)

1h

EMA Structure

Bearish
EMA 8$231.01Bearish
EMA 21$232.45Bearish
EMA 50$234.63Bearish

Signals

CategoryReadStrength
Momentum
RSI 33.1 · MACD -0.344

Momentum is weak

Strength
Bearish
Volatility
ATR $1.44 · BB 2.76%

Low volatility

Strength
Bullish
Volume
MFI 51.7 · OBV -11.93%

Relative to 20-period average volume

Strength
Range
Price Levels
$227.4 - $237.57

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.64% · 7.3 ATR above latest close

$239.01
Nearest resistance

+4.01% · 6.3 ATR above · 34-bar high

$237.57
Current price

Price shown is delayed

$228.41
Nearest support

-0.44% · 0.7 ATR below · 34-bar low

$227.4
Deeper support zone

-1.07% · 1.7 ATR below latest close

$225.96
ATR zone

Latest close ± ATR14

$226.96 - $229.85

Indicators

Trend

Dow Theory Structure

Confirmation $232.71, invalidation $231.45

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

Trend strength is moderate

19.1 / 27.2 / 32.0Bearish
Supertrend (10,3)

Price is above Supertrend

$223.97Bullish
Ichimoku Cloud

Cloud Span A / Span B

$231.13 / $234.76Bearish
Donchian Channel (20)

20-period breakout channel position

13%Bearish

Volatility

ATR (14)

Low volatility

$1.44 (0.63%)Bullish
Bollinger Bands (20,2)

Width 2.76%

-12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$235.2 / $229.53Bullish
ATR channel lower / upper

Current Volatility Envelope

$226.96 / $229.85Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$237.57Range
Support

Nearest Downside Decision Level

$227.4Range

Momentum

RSI (14)

Momentum is weak

33.1Bearish
MACD (12,26,9)

Histogram is negative

-0.344Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.4 / 18.4Bearish
Williams %R (14)

Oversold zone

-86.6Bullish
CCI (20)

Weak expansion

-253.9Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.7Range
OBV slope

20-period OBV slope

-11.93%Bearish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Trend

Dow Theory Structure

Confirmation $232.71, invalidation $231.45

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

Trend strength is moderate

19.1 / 27.2 / 32.0Bearish
Supertrend (10,3)

Price is above Supertrend

$223.97Bullish
Ichimoku Cloud

Cloud Span A / Span B

$231.13 / $234.76Bearish
Donchian Channel (20)

20-period breakout channel position

13%Bearish

Momentum

RSI (14)

Momentum is weak

33.1Bearish
MACD (12,26,9)

Histogram is negative

-0.344Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.4 / 18.4Bearish
Williams %R (14)

Oversold zone

-86.6Bullish
CCI (20)

Weak expansion

-253.9Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$1.44 (0.63%)Bullish
Bollinger Bands (20,2)

Width 2.76%

-12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$235.2 / $229.53Bullish
ATR channel lower / upper

Current Volatility Envelope

$226.96 / $229.85Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

51.7Range
OBV slope

20-period OBV slope

-11.93%Bearish
Volume ratio

Relative to 20-period average volume

0.50xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$237.57Range
Support

Nearest Downside Decision Level

$227.4Range

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