US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

4 hoursBearish85%
4h Downside probability 85%Bearish

CAH 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $230.75 and stabilize above resistance $243.

Invalidation Trigger

Break above $243 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 43.3, MACD 0.136

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.64 (1.15%)

4h

EMA Structure

Bearish
EMA 8$229.18Bearish
EMA 21$230.75Bearish
EMA 50$231.47Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.3 · MACD 0.136

Momentum is weak

Strength
Bearish
Volatility
ATR $2.64 · BB 5.90%

Low volatility

Strength
Bullish
Volume
MFI 46.9 · OBV 1.15%

Relative to 20-period average volume

Strength
Range
Price Levels
$224.05 - $243

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+7.49% · 6.5 ATR above latest close

$245.64
Nearest resistance

+6.34% · 5.5 ATR above · 34-bar high

$243
Current price

Price shown is delayed

$228.52
Nearest support

-1.96% · 1.7 ATR below · 34-bar low

$224.05
Deeper support zone

-3.11% · 2.7 ATR below latest close

$221.41
ATR zone

Latest close ± ATR14

$225.88 - $231.16

Indicators

Trend

Dow Theory Structure

Confirmation $232.82, invalidation $224.05

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

Trend strength is active

26.4 / 23.2 / 30.5Bearish
Supertrend (10,3)

Price is above Supertrend

$220.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$230.28 / $233.53Bearish
Donchian Channel (20)

20-period breakout channel position

34%Bearish

Volatility

ATR (14)

Low volatility

$2.64 (1.15%)Bullish
Bollinger Bands (20,2)

Width 5.90%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$235.73 / $225.52Bullish
ATR channel lower / upper

Current Volatility Envelope

$225.88 / $231.16Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$243Range
Support

Nearest Downside Decision Level

$224.05Range

Momentum

RSI (14)

Momentum is weak

43.3Bearish
MACD (12,26,9)

Histogram is positive

0.136Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.5 / 52.7Bearish
Williams %R (14)

Neutral zone

-53.5Range
CCI (20)

Balanced zone

-51.9Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.9Range
OBV slope

20-period OBV slope

1.15%Bullish
Volume ratio

Relative to 20-period average volume

1.53xBullish

Trend

Dow Theory Structure

Confirmation $232.82, invalidation $224.05

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

Trend strength is active

26.4 / 23.2 / 30.5Bearish
Supertrend (10,3)

Price is above Supertrend

$220.86Bullish
Ichimoku Cloud

Cloud Span A / Span B

$230.28 / $233.53Bearish
Donchian Channel (20)

20-period breakout channel position

34%Bearish

Momentum

RSI (14)

Momentum is weak

43.3Bearish
MACD (12,26,9)

Histogram is positive

0.136Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.5 / 52.7Bearish
Williams %R (14)

Neutral zone

-53.5Range
CCI (20)

Balanced zone

-51.9Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Low volatility

$2.64 (1.15%)Bullish
Bollinger Bands (20,2)

Width 5.90%

33%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$235.73 / $225.52Bullish
ATR channel lower / upper

Current Volatility Envelope

$225.88 / $231.16Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.9Range
OBV slope

20-period OBV slope

1.15%Bullish
Volume ratio

Relative to 20-period average volume

1.53xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$243Range
Support

Nearest Downside Decision Level

$224.05Range

Related Forecasts