US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

1 hourBearish71%
1h Downside probability 71%Bearish

CAH 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $237.74 and stabilize above resistance $244.87.

Invalidation Trigger

Break above $244.87 with RSI back above 50.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 46.2, MACD -0.291

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.3 (0.55%)

1h

EMA Structure

Bullish
EMA 8$238.02Bearish
EMA 21$237.74Bearish
EMA 50$235.88Bullish

Signals

CategoryReadStrength
Momentum
RSI 46.2 · MACD -0.291

Neutral zone

Strength
Bearish
Volatility
ATR $1.3 · BB 3.09%

Low volatility

Strength
Bullish
Volume
MFI 37.2 · OBV -5.84%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$232.62 - $244.87

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.13% · 7.5 ATR above latest close

$246.17
Nearest resistance

+3.58% · 6.5 ATR above · 34-bar high

$244.87
Current price

Price shown is delayed

$236.4
Nearest support

-1.6% · 2.9 ATR below · 34-bar low

$232.62
Deeper support zone

-2.15% · 3.9 ATR below latest close

$231.31
ATR zone

Latest close ± ATR14

$235.1 - $237.7

Indicators

Trend

Dow Theory Structure

Confirmation $239.99, invalidation $238.12

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

21.2 / 39.6 / 21.1Bullish
Supertrend (10,3)

Price is above Supertrend

$232.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$238.85 / $236.7Bearish
Donchian Channel (20)

20-period breakout channel position

21%Bearish

Volatility

ATR (14)

Low volatility

$1.3 (0.55%)Bullish
Bollinger Bands (20,2)

Width 3.09%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$240.38 / $235.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$235.1 / $237.7Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$244.87Range
Support

Nearest Downside Decision Level

$232.62Range

Momentum

RSI (14)

Neutral zone

46.2Range
MACD (12,26,9)

Histogram is negative

-0.291Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

26.4 / 58.7Bearish
Williams %R (14)

Neutral zone

-73.6Range
CCI (20)

Balanced zone

-94.2Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

37.2Bearish
OBV slope

20-period OBV slope

-5.84%Bearish
Volume ratio

Relative to 20-period average volume

3.46xBullish

Trend

Dow Theory Structure

Confirmation $239.99, invalidation $238.12

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

21.2 / 39.6 / 21.1Bullish
Supertrend (10,3)

Price is above Supertrend

$232.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$238.85 / $236.7Bearish
Donchian Channel (20)

20-period breakout channel position

21%Bearish

Momentum

RSI (14)

Neutral zone

46.2Range
MACD (12,26,9)

Histogram is negative

-0.291Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

26.4 / 58.7Bearish
Williams %R (14)

Neutral zone

-73.6Range
CCI (20)

Balanced zone

-94.2Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$1.3 (0.55%)Bullish
Bollinger Bands (20,2)

Width 3.09%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$240.38 / $235.2Bullish
ATR channel lower / upper

Current Volatility Envelope

$235.1 / $237.7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

37.2Bearish
OBV slope

20-period OBV slope

-5.84%Bearish
Volume ratio

Relative to 20-period average volume

3.46xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$244.87Range
Support

Nearest Downside Decision Level

$232.62Range

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