US stock / ETF

Cardinal Health, Inc.

CAH · NYSE · USD

4 hoursBearish92%
4h Downside probability 92%Bearish

CAH 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $234.96 and stabilize above resistance $249.29.

Invalidation Trigger

Break above $249.29 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 26.6, MACD -0.515

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.41 (1.06%)

4h

EMA Structure

Bearish
EMA 8$232.18Bearish
EMA 21$234.96Bearish
EMA 50$236.66Bearish

Signals

CategoryReadStrength
Momentum
RSI 26.6 · MACD -0.515

Momentum is weak

Strength
Bearish
Volatility
ATR $2.41 · BB 5.33%

Low volatility

Strength
Bullish
Volume
MFI 44.5 · OBV -4.45%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$227.4 - $249.29

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+10.2% · 9.7 ATR above latest close

$251.7
Nearest resistance

+9.14% · 8.7 ATR above · 34-bar high

$249.29
Current price

Price shown is delayed

$228.41
Nearest support

-0.44% · 0.4 ATR below · 34-bar low

$227.4
Deeper support zone

-1.5% · 1.4 ATR below latest close

$224.99
ATR zone

Latest close ± ATR14

$225.99 - $230.82

Indicators

Trend

Dow Theory Structure

Confirmation $230.34, invalidation $234.9

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

Trend strength is active

66.7 / 15.5 / 41.9Bearish
Supertrend (10,3)

Price is above Supertrend

$222.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$234.45 / $238.35Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Volatility

ATR (14)

Low volatility

$2.41 (1.06%)Bullish
Bollinger Bands (20,2)

Width 5.33%

-4%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$239.83 / $229.78Bullish
ATR channel lower / upper

Current Volatility Envelope

$225.99 / $230.82Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$249.29Range
Support

Nearest Downside Decision Level

$227.4Range

Momentum

RSI (14)

Momentum is weak

26.6Bearish
MACD (12,26,9)

Histogram is negative

-0.515Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

8.8 / 15.2Bearish
Williams %R (14)

Oversold zone

-91.2Bullish
CCI (20)

Weak expansion

-157.0Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.5Bearish
OBV slope

20-period OBV slope

-4.45%Bearish
Volume ratio

Relative to 20-period average volume

0.62xBearish

Trend

Dow Theory Structure

Confirmation $230.34, invalidation $234.9

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

Trend strength is active

66.7 / 15.5 / 41.9Bearish
Supertrend (10,3)

Price is above Supertrend

$222.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$234.45 / $238.35Bearish
Donchian Channel (20)

20-period breakout channel position

7%Bearish

Momentum

RSI (14)

Momentum is weak

26.6Bearish
MACD (12,26,9)

Histogram is negative

-0.515Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

8.8 / 15.2Bearish
Williams %R (14)

Oversold zone

-91.2Bullish
CCI (20)

Weak expansion

-157.0Bearish
TD Sequential

Setup is not extreme

buy 7Bullish

Volatility

ATR (14)

Low volatility

$2.41 (1.06%)Bullish
Bollinger Bands (20,2)

Width 5.33%

-4%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$239.83 / $229.78Bullish
ATR channel lower / upper

Current Volatility Envelope

$225.99 / $230.82Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

44.5Bearish
OBV slope

20-period OBV slope

-4.45%Bearish
Volume ratio

Relative to 20-period average volume

0.62xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$249.29Range
Support

Nearest Downside Decision Level

$227.4Range

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